December 3, 2007
Myanmar shrimp exports to Bangladesh rose by 64 percent
Myanmar's shrimp exporters from Maungdaw's business trade zone reported a 64-percent increase in exports to Bangladesh this year.
Officials expect that the cross-border trade will continue to generate high sales in the coming months.
In 2005-06, Myanmar exported 290.44 tonnes to Bangladesh, 414.49 tonnes in 2006-07 and 680 tonnes in the first half of 2007-08.
Shrimp exports are expected to reach over 1000 tonnes by the end of the current fiscal year.
In previous years, shrimp traders from Arakan State exported the shrimp produce to China and Singapore through exporting companies in Rangoon and Mandalay.
However, sending shrimp through the central Myanmar cities was stopped two years ago due to higher costs of transportation to China and Singapore.
This prompted traders to divert exports to Bangladesh through the border trade zone.
Arakan State has 155,533 acres of shrimp farms, which produce 16,500 tonnes of shrimp every year, according to the industrial fishery department.
Shrimp harvesting from the sea and coastal areas produce an additional 16,000 tonnes a year.