Wednesday, April 15, 2015

15/04/2015: Sabah, Malaysia to produce RM3 bln worth of white shrimp by 2020

Sabah is expected to produce 3 billion Malaysian Ringgit (US$0.81 billion) worth of white shrimp when four main prawn farms are fully operational by 2020, The Borneo Post reports.

Sabah Agriculture and Food Industries Assistant Minister Datuk Sairin Karno said the four farms are expected to produce 110,870 metric tonnes of white shrimp by 2020, contributing RM1.5 billion to the Gross National Income.

He said the farms, owned by four companies approved under the National Key Economic Areas, had invested RM1.12 billion in accordance with the conditions set by the government before pursuing the integrated development project.

Read more HERE.

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