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Honduran shrimp exports fall 31% to $114.4 mln

Honduran shrimp exports fall 31% to $114.4 mln

WASHINGTON: Honduran shrimp exports fell by 31% to $114.4 million through September 2015, year-on-year, according to statistics from the Central Bank of Honduras (BCH), La Prensa reports. The drop in value was driven by a 20.8% fall in export volumes and a 13.2% decrease of shrimp prices, a report from BCH states.

Although some Honduras shrimp farms tested positive for early mortality syndrome last year, a key reason behind the more than $50m losses in shrimp exports was lower international shrimp prices, the National Aquaculture Association of Honduras (Andah, in Spanish) said.

According to Andah, Honduras shrimp production went down last year by 20- 30%, on the back of the effects of climate change and increased salinity levels, which caused higher mortalities.

“Last year was somewhat atypical, there was little rain, causing an increase of salinity and temperature that altered the natural habitat of the shrimp,” Javier Amador, executive director of Andah, said. Throughout 2014, Honduras exported 67.5m pounds for $243.6m. The main markets for Honduran shrimp are the UK, Mexico and the US.