The Bangladesh Frozen Food Exporters Association (BFFEA) reported that Bangladesh exported over 18 tonnes of shrimp worth US$200,585 to Russian market after a three month break, Customs Today reports.
In the three months since December, there
was no export of Bangladeshi shrimps to Russia, Export Promotion Bureau data
shows.
Russia meets 5 percent of its shrimp demand
by imports from Bangladesh.
Officials concerned said the economic recession
in Russia and the appreciation of the dollar against the Russian Ruble had
slowed down the country’s shrimp import.
“Due to fall in demand and a weaker Ruble,
the importers chose to stop buying shrimp from Bangladesh,” the BFFEA official
said.
“It’s good that exports have resumed,
though the start is slow as it’s a sign of recovery,” he added.
Russia has recently suffered
economic recession due to sanctions imposed by the US government and European Union
for violating the sovereignty and territorial integrity of Ukraine.
“Russian buyers stopped purchasing shrimp
from Bangladesh due to the economic recession as it is a luxury product,” said Khan
Habibur Rahman, a shrimp exporter and Deputy Managing Director of Lockpur
Group.
Read more HERE.
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