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Bangladeshi shrimp industry to receive boost from European market

The agreement benefits both the shrimp industry in Bangladesh and the main importer of black tiger shrimp, the European market. By sharing expertise and innovative technology, the goal of the agreement is to enhance quality, availability, and sustainability of black tiger shrimp products.

BSFF is a non-profit private organization focused on research, advocacy and targeted actions at all levels of value chain in the fisheries, aquaculture and shrimp sectors.

BSFF president Syed Mahmudul Haque, and managing director of Hendrix Genetics Aquaculture BV, Neil Manchester, signed the MoU in The Hague, Netherlands during a gathering of representatives from government, businesses, academia, and a visiting delegation from Bangladesh.

“The black tiger shrimp industry has great potential for growth in the European market,” Manchester said. “Bangladesh is well positioned with its growing economic power and geo-strategic location. Combine this region with Hendrix Genetics’ expertise in breeding programs and global reach, and this collaboration is sure to deliver success for the market and for Bangladesh’s aquaculture industry.”

Bangladesh’s famous black tiger shrimp is in high demand because of its highly sustainable and its near organic process of production. In 2017 and 2018, US$ 89.82 million was spent on black tiger shrimp in the Netherlands alone.