“Traditional Plus” Aims to Increase Shrimp Production
The shrimp production and export volume declined in 2022. Strategic steps, such as a shift to the “traditional plus” cultivation method, are needed to boost competitiveness.
JAKARTA, KOMPAS — A declining trend in production amid increasingly fierce market competition leaves Indonesian with discouraging prospects about its target of achieving a 250-percent increase in shrimp exports for the 2020-2024 period. Strategic steps, such as a shift to the “traditional plus” cultivation method, are needed to boost competitiveness.
Shrimp is a leading aquaculture export commodity, which contributes 30-40 percent of the total volume of fisheries exports. The 2020-2024 projection eyes the production of 2 million tons with an export value of US$4.25 billion, growth of 250 percent. The targeted figure will need a 15 percent growth in annual export volume and 20 percent increase in export value.