Indonesia Expected to Become Main Global Player in Shrimp Market

    Antara - 14 June 2021 18:23 WIB
    Indonesia Expected to Become Main Global Player in Shrimp Market
    Illustration (Photo:Medcom.id)



    Jakarta: Indonesia can emerge as the key player in the global shrimp market with the government's support to boost exports and production, according to Marine Affairs and Fisheries Minister Sakti Wahyu Trenggono.

    "The ministry has fully supported the programs to increase national shrimp exports," Trenggono noted in a statement here on Monday.

     



    During the 2015-2019 period, highest demand in the global market was recorded for shrimp after salmon.

    Indonesia's shrimp produce contributed 6.9 percent to the global supply during the 2015-2020 period, he pointed out.

    "We must explore this market potential, especially that offers high value to Indonesia's shrimp produce," the minister affirmed.

    The ministry has prepared some programs to boost production and exports of shrimp through the revitalization of ponds by conducting infrastructure development and simplification of licensing for shrimp businesses, among others.

    Moreover, it has developed the shrimp estate model for farmers to conduct shrimp cultivation in an integrated area through a technology-based production process and an environment-friendly approach to maintain sustainable cultivation

    Indonesia, constituting 7.1 percent of the market share, was the fifth-largest shrimp exporter in 2019 after India, Ecuador, Vietnam, and China.  

    (WAH)

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