Shrimp export from Cox's Bazar declines
Monday, 18 May 2009
Our Correspondent
CHITTAGONG, May 17: Shrimp export from Cox's Bazar district has registered a 20 to 25 per cent decline recently due to global recession.
Beside malpractice of certain quarters has caused a negative impact on the export of the item disrupting normal remittance flow.
Such an allegation was raised by the owners of the frozen fish processing plants of Cox's Bazar at a press conference at a local hotel Thursday.
Some 30,000 to 35,000 tonnes of shrimps worth Tk 20 billion are exported from Bangladesh annually. The export target has been fixed at around Tk 40 billion during the current fiscal.
Fish plant owners said, out of total volume of export, Cox's Bazar contributes 10,000 tonnes of shrimps annually which is likely to drop to almost a half during the current fiscal.
They said a vested quarter is involved in false propaganda against local shrimp. As a result businessmen and owners of frozen fish plants are incurring huge loss.
Out of total eight processing plants based in Cox's Bazar, three units have already been closed down. If the unhealthy trend continues, more plants are likely to face closure.
CHITTAGONG, May 17: Shrimp export from Cox's Bazar district has registered a 20 to 25 per cent decline recently due to global recession.
Beside malpractice of certain quarters has caused a negative impact on the export of the item disrupting normal remittance flow.
Such an allegation was raised by the owners of the frozen fish processing plants of Cox's Bazar at a press conference at a local hotel Thursday.
Some 30,000 to 35,000 tonnes of shrimps worth Tk 20 billion are exported from Bangladesh annually. The export target has been fixed at around Tk 40 billion during the current fiscal.
Fish plant owners said, out of total volume of export, Cox's Bazar contributes 10,000 tonnes of shrimps annually which is likely to drop to almost a half during the current fiscal.
They said a vested quarter is involved in false propaganda against local shrimp. As a result businessmen and owners of frozen fish plants are incurring huge loss.
Out of total eight processing plants based in Cox's Bazar, three units have already been closed down. If the unhealthy trend continues, more plants are likely to face closure.