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According to the Philippines ' Business Mirror "(Business Mirror) reported November 10, the Philippine shrimp industry companies (PhilShrimp) said that due to weak demand and higher costs this year, the Philippine shrimp production could drop to 60,000 tons from 65,000 tons on average
.
Sombilla, Deputy Minister of the National Economic Development Agency (Neda) pointed out that the shrimp industry accounted for 20.
5% of the total aquaculture production and ranked 24th in exports last year, contributing US$230 million in export revenue
.
The current challenges facing the Philippine shrimp industry mainly include the ongoing epidemic, high input costs, unsustainable aquaculture practices, and vulnerability to extreme weather conditions and climate change
.
At present, the production of Philippine shrimp has fallen by more than half compared with the 1990s
.
.
Sombilla, Deputy Minister of the National Economic Development Agency (Neda) pointed out that the shrimp industry accounted for 20.
5% of the total aquaculture production and ranked 24th in exports last year, contributing US$230 million in export revenue
.
The current challenges facing the Philippine shrimp industry mainly include the ongoing epidemic, high input costs, unsustainable aquaculture practices, and vulnerability to extreme weather conditions and climate change
.
At present, the production of Philippine shrimp has fallen by more than half compared with the 1990s
.
