Nicaraguan Shrimp Industry Affected by High Prices

The industry is “frozen” by high operative costs, even though international shrimp prices remain high.

Monday, April 4, 2011

Such is the perspective of Armando Segura, head of the Nicaraguan Fishing Chamber (CAPENIC).

Only five of the twenty five industrial fishing vessels are operating, causing the loss of 250 jobs and low export volumes.

Segura added that high international prices have somewhat improved the situation and prevented the sector from falling apart.

More on this topic

Fish: Nicaragua Produces More But Earns Less

January 2015

In 2014 production in the fisheries and aquaculture sectors increased by 28%, but due to low international prices export earnings declined by 8% compared to 2013.

Fisheries and aquaculture production in 2014, equivalent to 96.7 million pounds exceeded projections made by sector earlier this year and recorded a 28% increase over the previous year.

Nicaraguan Fishing Industry Recovers

January 2013

The sector, which showed a decline of 3% in January 2012, expects to close the year with growth of 4.6%, led by the production of farmed shrimp.

Armando Segura, executive director of the Chamber of Fisheries of Nicaragua (CAPENIC), said, "It's been a substantial recovery, we are reversing the trend from earlier this year."

El Salvador: Shrimp Exports Fall

January 2012

Between 2002 and 2011 the annual shrimp production dropped by almost fifty percent.

The annual average in the last decade was around 1,322.5 tons, 781.5 less than the production between 2000 and 2001, according to data from the National Center for the Development of Fisheries and Aquaculture (CENDEPESCA).

Nicaragua Banks on Shrimp Farming

January 2012

The fisheries sector is backing shrimp as the item of greatest growth potential.

The president of the Nicaraguan Chamber of Fisheries, Armando Segura, said the shrimp farming industry has maintained steady growth in recent years thanks to the application of new technologies.

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