Nicaragua: Aquaculture and Fisheries Sector Grows

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.

Wednesday, April 15, 2015

This growth is mainly due to increased shrimp production, 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.

Elnuevodiario.com.ni reports that "... According to the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), in 2014 the production of farmed shrimp in Nicaragua was 26,000 metric tons, which brought in to the country $106 million in revenues. Last year, shrimp farming activities boosted the growth of fishing in Nicaragua, followed by lobsters and fish. "

Armando Segura, president of the Chamber of Fisheries of Nicaragua (CAPENIC) noted that "... The trend in the increase in revenue was due to an improvement in international prices of some products such as lobster, fish and sea shrimp, not cultivation. "

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