Key insights and market outlook
Indonesia's Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono, revealed concerns about potential US ban on Indonesian shrimp exports due to Cesium-137 (Cs-137) contamination. The industry, worth US$ 1.6-2 billion with the US as the largest market, employs over 15 million people. Trenggono expressed relief that the US continued importing Indonesian shrimp despite the issue.
Sakti Wahyu Trenggono, Indonesia's Minister of Maritime Affairs and Fisheries, recently disclosed the significant concerns he had regarding the potential ban on Indonesian shrimp exports to the United States due to the detection of Cesium-137 (Cs-137) contamination. The shrimp farming industry is substantial, spanning 247,803 hectares of ponds and supporting the livelihoods of no less than 15 million people.
The export value of Indonesian shrimp is considerable, ranging between US$ 1.6 billion and US$ 2 billion, with the United States being the largest market. Trenggono highlighted the potential economic impact of a ban, stating that both he and the Coordinating Minister would be under significant stress as millions of shrimp farmers would likely protest.
Trenggono expressed gratitude that the US continued to accept Indonesian shrimp exports despite the Cs-137 contamination issue. This decision comes amid intense competition from other major shrimp-producing countries like Ecuador, India, and Vietnam. The minister's relief underscores the importance of the US market for Indonesia's shrimp industry and the potential consequences of losing access to it.
Potential US Ban on Indonesian Shrimp
Cs-137 Contamination Issue
Continued US Demand for Indonesian Shrimp