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October 24, 2014

Bangladesh

Weak Prices for Tiger Shrimp

 

Bangladeshi shrimp exports are facing a slowdown in the wake of reduced demand for giant tiger shrimp (Penaeus monodon).  An increased supply of lower-priced white shrimp (P. vannamei) from other exporting countries account for the slowdown.

 

Weakening of the Euro and the Pound also affect Bangladesh’s shrimp exports, said Kazi Belayet Hossain, senior vice-president of the Bangladesh Frozen Foods Exporters Association.  Market prospects for the coming months look dull, said Hossain, who is also the managing director of Sobi Fish Processing, Ltd. He said orders for the Christmas season usually arrive before the beginning of October, and there were not that many of them this year.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  FAO Globefish Says EU Weakness Hurting Bangladesh Black Tiger Shrimp Sales.  Ken Coons (kencoons@seafood.com).  October 23, 2014.

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