Indonesia eyes shrimp export to three countries

14:39, July 07, 2010      

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Indonesia is eyeing shrimp export to three countries of Russia, Saudi Arabia and Canada following growing demand in their domestic markets, Bisnis Indonesia daily quoted an official as saying on Wednesday.

Saut P. Hutagalung, director for foreign marketing at the Maritime and Fisheries Ministry's Directorate General of Processing and Marketing, said that the opportunity could subsidize weakening demand from Indonesia's traditional markets of the United States, Japan and Europe.

He expected that the traditional markets would not grow further compared to 2009, in which only 550,000 tons were imported.

He said that it is the right time to speed export up to the new markets as the impact of global crisis is still felt in the traditional markets, causing weakening demand.

Besides, he said, the world's main shrimp producers are expected to experience declining supply or weakening production.

The world's shrimp producers of China, Indonesia, Thailand and Vietnam supply 80 percent of the commodity to the international market.



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