Monday, April 11, 2011

Vietnam: Rising fuel prices reduce shrimp production

The executive director of the Chamber of Nicaraguan Fisheries (Capenic), Armando Segura,warns that the situation surrounding the domestic shrimp industry is worrying. He says that shrimp catch levels are low in the country as a result of increased operating costs, mainly due to an increase in fuel prices.

Currently, only five of the 25 boats that make up the industrial fishing fleet are operating in the Caribbean Sea. In addition, some 250 people are now no longer working because numerous vessels are no longer going out to fish resulting in shrimp processing plants receiving less raw materials. The reduction in raw materials is also impacting export volumes.

"The cost of fuel has a direct impact on production costs and the shrimp fishery is the most affected, in this case by the rising price of diesel. Right now, most of the shrimp boats have remained docked, affecting production and employment," Mr Segura said. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers

Enhanced by Zemanta

No comments:

Post a Comment