Shrimp Smuggled to Bangladesh Fetches Higher Prices

BURMA - Many shrimp traders in the border area of Burma have been illegally exporting shrimp to Bangladesh as it fetches a much higher price in Bangladesh markets than in Burmese markets, said a trader.

In Maungdaw Township, there are about four shrimp companies, including Shwe Kyi Daung and Mra Nyi Naung, which are owned by local businessmen.

These companies have opened shrimp purchasing centers in Maungdaw Township to purchase shrimp from local traders, but the prices they offer are far less than those in Bangladesh.

On the Burmese side, the shrimp are divided into three categories based on quality, and prices are offered accordingly. High quality shrimp fetches 5100 kyat per kilogram, mid-quality shrimp is 3100 kyat per kilo, and low quality shrimp fetches 1600 kyat per kilo.

However, in the Bangladesh markets, the price for high quality shrimp is 8500 kyat per kg, while mid and low quality shrimp fetches prices of 6000 and 5000 kyat per kilogram respectively.

Source: narinjara.com