Contrasts in Costa Rican Fishing Industry

Beyond the overall growth of the sector, fisheries managers say that they are being held back by the high price of fuel and electricity, and high interest rates.

Monday, July 29, 2013

Figures from the Foreign Trade Promotion Office (Procomer) reveal that between January and May three of the four major fishery products increased their exports compared to 2012, fresh or frozen fish grew by 22.46%, tuna 16.59 % and shrimp 59.71% while fish fillets decreased by 5.88%.

Exporters claim that one of the problems affecting them is the total cost of shipping a container of fish abroad, as it is more expensive to do so from Costa Rica than from Panama or Ecuador. "In addition, entry and exit to the EU and the U.S. is not very encouraging, in the midst of a crisis that seems to keep going on," noted an article in Elfinancierocr.com.

According to Alberto Perez, general manager Exportadora PMT, the price of fuel has increased product costs in recent years, leaving less of a profit margin compared to the competition, and this coincides with a time when the fish catch is getting smaller.

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