Shrimp processing. (Photo: Andah.org)
Shrimp exports generate USD 200 million
Wednesday, December 01, 2010, 16:30 (GMT + 9)
The shrimp industry closes this year with increasing exports, with a sales volume of 50 million pounds worth USD 200 million.
According to the Honduran Association of Shrimp Farming, three factors influenced the increased activity and improvement in prices: the oil spill in the Gulf of Mexico, the occurrence of disease in numerous Asian countries and the fact that mainland China is now an importer of seafood.
The representative of the producers of farmed shrimp, Jacobo Paz, explained that the main market of the Honduran industry is the European Union (EU), followed by the United States and Taiwan. He added that some companies also managed to export seafood to Hong Kong.
This activity uses an average of 25,000 people directly and 100,000 indirectly, according to statistics provided by the National Aquaculture Association of Honduras (Andah).
Honduran producers are optimistic about the future of the shrimp industry, because the entry into force of the Association Agreement between Central America and the EU has excited the shrimp farmers to the possibility of increasing exports next year.
A few months ago the situation was very different, when small companies dedicated to cultivating the crustacean reported significant damage after heavy rains which hit the country and caused flooding in most parts of the country.
In total, Honduras uses over 14,500 hectares for shrimp farming.
- Shrimp farmers lose more than USD 12 million in exports
- Shrimping sector tallies million-dollar losses
By Silvina Corniola