Seafood: Sales Begin 2020 Declining

During the first month of the year, Nicaraguan seafood exports totaled $16.7 million, 19% less than what was reported in the same month in 2019, a situation explained by the decline in demand from Asia and the U.S., important destinations for this sector.

Thursday, February 20, 2020

According to data from the Center for Export Processing (Cetrex), between January 2019 and the same month of 2020 exports of seafood products recorded a fall of $ 4 million, from $ 16.7 million to $ 20.7 million.

You may be interested in "Frozen Shrimp: Exports up to June 2019"

Guillermo Jacoby, president of the Association of Producers and Exporters of Nicaragua (APEN), told Laprensa.com.ni that part of this fall "... is because of the effects of the coronavirus that is hitting mainly China and has spread to Taiwan, a major buyer of Nicaraguan seafood products."

Jacoby added that "... The problem is that the ships refuse to go to China because they are afraid of contaminating their crews, and it is even expected that there will be a drop in seafood prices because of the situation."

Shipments of lobster to the United States have also declined, in this case falling from 85 tons to 67 tons, representing a 21% reduction. In general, farmed shrimp, lobster and fish are the products that have reported the largest drops for the months in question.

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