Plummeting prices hitting shrimp farmers in Bangladesh hard
Shrimp farmers in Bangladesh are facing losses due to a sharp decline in prices.
Shrimp farming is a primary income source for thousands of farmers in the main shrimp-producing region of Bangladesh - Khulna, Satkhira, and Bagerhat - in the southwestern part of the country. Around 90 percent of shrimp produced in the region is exported, with Europe accounting for the biggest share of Bangladesh's exports.
However, due to a significant decline in demand, many local farmers in Bangladesh are selling black tiger shrimp into the domestic market at discount prices ...
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