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    Home > Food News > Food Articles > Bangladesh is about to launch commercial aquaculture exports of white shrimp in South America

    Bangladesh is about to launch commercial aquaculture exports of white shrimp in South America

    • Last Update: 2023-02-02
    • Source: Internet
    • Author: User
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    In March 2023, Bangladesh will start commercial farming production of white shrimp in South America to increase the country's export trade
    , Financial Express reported.
     
    Previously, the Bangladesh Technical Committee on Aquaculture proposed that the South American white shrimp aquaculture industry could be scaled
    up through a feasibility review.
    In 2020, Bangladesh approved two pilot projects
    for white shrimp farming in South America for the first time.
     
    The first pilot project was a success, and the government subsequently allowed 11 other companies, including M.
    U.
    Sea Foods, Grow tech Aquaculture and Fahim Seafood, among others, are again experimenting
    with white shrimp farming in South America.
     
    Bangladesh plans to vigorously develop white shrimp farming in South America, mainly because its black tiger shrimp exports face severe challenges
    .
    In recent years, in the European and American markets, Bangladeshi black tiger shrimp has lost price competitiveness
    .
     
    In 2022, Bangladesh's black tiger shrimp exports amounted to about US$183 million, down 32%
    from the previous year.
    Bangladesh's seafood processing companies have also plummeted from more than 100 to 30-35.

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