SHRIMP EXPORT OF BANGLADESH

Abstract

Bangladesh frozen food sector in other words the shrimp export has a greater potentiality to achieve the highest foreign currency. This sector added 1.9 percent in export income and 3.65 percent in GDP in the year of 2015-2016 according to the BFFEA data. Bangladesh has the global standard approval for its shrimp processing plants. However, the shrimp export market is making the opposite earnings even as the demand level is increasing. Due to competitions, political issues, environmental disturbances, shortage in the organizational development along with the price fluctuations of necessary raw materials the shrimp sector is suffering. This paper focuses to analyze the recent position of the shrimp export market, the main products of the frozen food sector, the countries that imports Bangladesh’s shrimps and the complications this sector suffers and also some recommendation that may improve the situation.