Bangladesh Black Tiger Shrimp Exporters in a Tight Corner As Prices Down 42%
SEAFOODNEWS.COM [Star Business Report] March 4, 2015
sharp fall in the value of the euro and the Russian ruble against the dollar, coupled with the ongoing political unrest at home, has hit the frozen food industry hard.
Exporters said prices of black tiger shrimp, the major frozen food item that goes to the European markets, have now slumped 42 percent to $5.25 a pound (16-20 pieces) from August last year.
"We are forced to sell at lower prices to retain our international buyers. Exports to Russia have dipped to almost zero, while the demand for shrimp also fell in Europe because of an economic slowdown there," said SM Amzad Hossain, president of Bangladesh...
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