Frozen food
Friday, 23 April 2010
Continued from page 9
known as 'gher', due to lack of adequate financial and other supports.
During the last few months, exports of the frozen food to the US market dropped significantly as exporters were facing stiff competition from other suppliers form countries like Vietnam, India and Indonesia.
This year, these are dominating the international market supplying shrimps at a comparative price, said a leading shrimp exporter.
"We are selling our products at $6.00 per pound while India and Vietnam sell at $4.80," he said.
The exporter said India has separate export monitoring cell to look after the issue. "We also lag behind them in terms of advance technology, transportation facilities and skilled manpower. Bangladesh is yet to reach their stage."
The exporters also blamed global economic slowdown and the recent self-imposition of a ban on shrimp exports to the EU countries for the downward trend.
"I think the export earnings from the frozen food will decline by 15-20 per cent due to the global economic slowdown and fall of yield resulting from Aila and Sidr," Maqsudur Rahman, vice-president of Bangladesh Frozen Foods Exporters Association (BFFEA), told the FE.
known as 'gher', due to lack of adequate financial and other supports.
During the last few months, exports of the frozen food to the US market dropped significantly as exporters were facing stiff competition from other suppliers form countries like Vietnam, India and Indonesia.
This year, these are dominating the international market supplying shrimps at a comparative price, said a leading shrimp exporter.
"We are selling our products at $6.00 per pound while India and Vietnam sell at $4.80," he said.
The exporter said India has separate export monitoring cell to look after the issue. "We also lag behind them in terms of advance technology, transportation facilities and skilled manpower. Bangladesh is yet to reach their stage."
The exporters also blamed global economic slowdown and the recent self-imposition of a ban on shrimp exports to the EU countries for the downward trend.
"I think the export earnings from the frozen food will decline by 15-20 per cent due to the global economic slowdown and fall of yield resulting from Aila and Sidr," Maqsudur Rahman, vice-president of Bangladesh Frozen Foods Exporters Association (BFFEA), told the FE.