Farmers Market Asia

Prospects and Challenges of Shrimp Farming and Exports of Bangladesh

Published on 12th August 2022

Bangladesh is the world's 10th largest shrimp exporter. The nation's exclusive seafood export basket has witnessed a drastic decline between FY 2013 - 2014 and FY 2021.

However, shrimp exports picked up steam in FY 22 by 24% in contrast to the previous years.

Lack of productivity, poor adoption of Good Aquaculture Practices (GAP), unscrupulous dealings of the middlemen, and lack of organized backward and forward integration and agro-logistics have adversely impacted the shrimp exports in Bangladesh in recent years. Dr. George Chamberlain, President of Global Seafood Alliance (GSA) pointed out that Bangladesh can increase its shrimp production by adopting climate-friendly smart aquaculture techniques.

Sustainable farming technology can boost yield per hectare from 300 kg to 1 ton. Buyers from North America, Japan, and Europe are eager to source premium quality black tiger shrimp from Bangladesh.

Black tiger shrimp accounts for 80% of the total seafood exports and 77% of the total shrimp exports from Bangladesh. For a far-reaching long-term transformation in the black tiger shrimp value chain, Dr. Chamberlain stressed infrastructure development and mass cultivation of Special Pathogen Free (SPF) brood stocks in place of the existing unplanned value chain and disease-prone wild caught larvae.He also strongly emphasized on organizing small holder shrimp farmers into cooperative-like clusters to achieve economies of scale, facilitate technology transfer and mass scale training and awareness and ultimately transform the entire value chain.

GSA in collaboration with Bangladesh Shrimp and Fish Foundation (BSFF) has provided material support to the Department of Fisheries (DoF) to implement ‘Sustainable Coastal and Marine Fisheries Project’ (SCMFP) that aims to attract investments and export promotions.

Local agro tech venture Farmers Market Asia has been instrumental in helping to organize these shrimp farmers to obtain financing and technology support to boost shrimp production nationwide along with increasing exports as well.

#shrimp #blacktigershrimp #export #farmers #asia #sustainable #farmersmarketasia #GSA #BSFF #GAP #FMA