And that’s where the exports come in. As we told you earlier, exports for October 2106 were down a whopping 43% from October of the previous year. Well most of it has to do with aquaculture and farmed shrimp. That industry got wiped out by disease over the past two years. Production is at a six year low, but the SIB says there are encouraging signs of a rebound:…
Tiffany Vasquez - Statistician II, SIB
"From the period January to October 2016 export earnings contracted for all major commodities with the exception of citrus which grew minimally owing to the fall of shrimp which plummeted by 88%. Marine exports dropped from 49 million to 30 million; however on a very positive note one shrimp farm has seen vast improvements in both production and exports hence recovery is afoot. To me the big positive here is that shrimp is about to rebound because I think it's Belize Aquaculture Limited the farm they have had very good results and they project a 4.95 million pounds for next year but that is only a projected estimate."
Email
Print