In the first quarter of the year the value of fish exported was $5.1 million, 40% less than in the same period in 2015.
Fisheries sector entrepreneurs confirmed that the decline also occurred in production, but they are relying a reversal of the figures and achieving better results in the year, because in April , "... scale fishing began to show signs of recovery and we hope that in the rest of the year, with expectations of rainfall, production will normalize' "said Armando Segura, president of the Chamber of Fisheries of Nicaragua to Elnuevodiario.com.ni .
Powered by shrimp farming, the gross value of fisheries and aquaculture production reached $129 million in 2014, 16.3% more than in 2013, when it totaled $113 million.
This growth is mainly due to increased shrimpproduction, which recorded sales of $74.7 million, of which $66.2 million came from shrimp farming and the rest from shrimp caught in the open sea. During 2014, exports of farmed shrimp totaled $106 million which corresponds to 17.9 million kilograms, to about $5.95 each.
The farmers claim that industrialists have reduced the price paid per kilo of shrimp for export by up to 30%.
While the Chamber of Fisheries in Nicaragua (CAPENIC) said that they do not set the price, but "... take up the (prices) set by international markets," the representatives of shrimpfarms reported they will have difficulties in covering their operating costs if they are forced to sell at less than $8 per shrimp of exportable size.
The increase in production to 24,500 tons and rising international prices took revenues from this category from $74 million to $150 million in three years.
In the last ten years Nicaragua has made progress in the modernization of production of farmed shrimp and improved the processes of industrialization, reaching a production of 24,500 tons in 2013. It is currently the second largest Central American producer, second only to Honduras which produced 28,900 tons in 2013.
In 2013 total production increased by 8% and foreign sales of fish, shrimp , lobsters and seafood, by 28%.
Fish production last year grew by 8%, with farmed shrimp products having the largest increase. Foreign sales of fish, shrimp, shellfish and lobsters reported a 28% increase compared to 2012, going from $192 million to $246 million at the end of 2013, according to statistics from the Center for Exports.
During 2012, exports of fisheries products amounted to 40,000 tons, and the expansion of the territorial sea has allowed for greater growth projections which must be underpinned by more technology.
Domestic consumption of seafood in Nicaragua is very small, just a pound a year per capita, therefore the exports represent 94% of production. The United States, Europe, Asia, Central America and the Caribbean are the main buyers of the product.
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