Aquaculture for all

Recession Halts Roaring Shrimp Exports

Crustaceans Economics Politics +3 more

GUATEMALA - Export sales of shrimp from Guatemala fell 43 per cent between January and April compared to the same period last year, disclosed the Guatemalan Exporter Association (AGEXPORT).

According to a news report from FIS, Guatemalan producers exported 5.8 million pounds of shrimp in the first four months of the year against 10.2 million pounds through April the year before, indicated the director of the Fisheries and Aquaculture Commission, assigned to AGEXPORT, Maria Olga Menendez.

In addition, 39 per cent less was generated in revenue in the first four-month period of 2009, that is, USD 12.49 million against 2008’s USD 20 million, reported FIS.

Menendez explained that prices and demand have dropped because of the global economic crisis.

According to data furnished by the Commission, the decline in export shrimp sales was registered after what had been a 232 per cent surge observed over the last three years, Prensa Libre reports. The opening of the Mexican and the European Union - Spain and France - markets had sourced that remarkable growth, Menendez clarified.