Bangladesh producers face price downturn on black tiger shrimp, customers renegotiate orders
SEAFOODNEWS.COM [The Daily Star] by Sohel Parvez - December 18, 2014
Shrimp farmers and processors have sunk into hard times after a slump in demand and depreciation of major importers' currencies.
Industry operators said many buyers have pushed back the shipment of their orders, while some of them are even seeking discounts. As a result, the stockpiles are rising at the processors' end.
“It is a very bad situation. Prices are falling fast, while sales are down. The business has been dormant for the past two months,” said Khan Habibur Rahman, deputy managing director of Lockpur Group, one of the main shrimp processors.
The ample production of vannamei in India and Vietnam has been blamed for the most part for the slump in demand for the locally-grown black tiger shrimps...
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