Fisheries

LightCastle Partners recently prepared a whitepaper titled “Bangladesh Shrimp Sector: Transitioning Towards Sustainable Growth” that discussed the value chain analysis, recent export trends, bottlenecks for growth, the potential of Vannamei farming, and the future prospects of the Bangladesh shrimp sector. Subsequently, a webinar was organized on August 22, 2022, to share the key findings from […]

A Brief Historical Emergence of the Shrimp Industry in Bangladesh In the early 1970s, the beginning of commercial shrimp farming started in Bangladesh with 9 fish processing plants being set up in Chittagong and Khulna and that gave rise to the present export-oriented shrimp industry. Since then, commercial shrimp farming slowly started to gain popularity […]

The Bangladeshi shrimp sector enables livelihood opportunities for millions of people residing in the southern part of the country. Once labeled as the next big export driver, the Shrimp sector is currently at a juncture with two distinct schools of thought: introducing Vannamei (White legged) production in the Bangladesh shrimp ecosystem or pursuing Monodon (Black Tiger) as a premium […]

Covid-19-induced economic distress has added to existing problems such as lack of access to finance, non-tailored financial products, absence of capacity development, poor market linkage, absence of skilled labor, and lack of an export market. According to the Asian Development Bank (RRP Sector Assessment, ADB): The SMEs in Bangladesh account for 70 to 80% of […]

Shrimp is one of the most important export items in Bangladesh, accounting for more than 70 percent of its agricultural exports. Its massive contribution to national exports has earned it the nickname, “White Gold.” The majority of this revenue winning item is exported to the European Union (EU) countries, including the Netherlands, Belgium, and Germany. […]

Crab Industry is added to the Special Development Sector as per Export Policy Act 2018-21 The crab sub sector in Bangladesh provides livelihood support to many families residing in the southern belt of Bangladesh. In FY 2017-18, Bangladesh produced 11,787 MT of Crabs of which 97% were exported across the globe for an estimated export […]

Being located at the edge of Bay of Bengal, Bangladesh has a wide and diverse range of sea food options. From Rock Lobsters to Mussels, from Prawns to Pomfrets, the country offers many options that cater to the local palette, while also exporting a huge proportion of its production annually. But among the many produces, […]

For most, agriculture is a means of food security, but it is a livelihood for a vast population in Bangladesh and a means of reducing poverty (accounting for 90% of reduction in poverty between 2005 and 2010 [2]) and fostering sustainable economic development. It is a sector that is strategically favorable to Bangladesh given its […]

Bangladesh’s shrimp exports, which once contributed $590 mn in FY12, has been on the decline, falling 8.37% to $408 mn in FY181 as the demand for black tiger and freshwater prawns have gone down due Vannamei shrimp (which is not grown in Bangladesh) dominating the world market at a lower price point. This drop in […]

Bangladesh’s agricultural sector contributes 14.2% of GDP,[1] employing 47% of the working population[2], with 17 million people (1.4 million women) depending on fisheries sector for their livelihoods through fishing, farming, fish handling, and processing. Agricultural sector has experienced significant growth over the last couple of decades, with the fisheries sector following suit. According to the […]