Panama: Shrimp Exports Down by 59.9%
Shrimp exports went from $5.1 million in the first two months of 2008 to $2 million in the first two months of 2009.
Thursday, April 30, 2009
The “weak demand” for shrimp in international markets is a product of the global financial crisis and “bank credit restrictions.” They have been among the causes of the drastic decline in exports.
Shrimp exports fell to 5.8 million pounds during the first quarter of this year, 43% less than during the same period in 2008.
Given the decline in US demand for Nicaraguan shrimp, the country is exporting to Mexico, France and Taiwan for the first time.
In Honduras, shrimp farmers expect to reach a production of 50 million pounds for 2009.
By sending trade missions to China, participating in exhibitions worldwide and organizing visits to local shrimp plants, the country aims to conquer the Chinese market.
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