Plummeting prices hitting shrimp farmers in Bangladesh hard

Shrimp farmers in Bangladesh are facing losses due to a sharp decline in prices.

Shrimp farming is a primary income source for thousands of farmers in the main shrimp-producing region of Bangladesh - Khulna, Satkhira, and Bagerhat - in the southwestern part of the country. Around 90 percent of shrimp produced in the region is exported, with Europe accounting for the biggest share of Bangladesh's exports.

However, due to a significant decline in demand, many local farmers in Bangladesh are selling black tiger shrimp into the domestic market at discount prices ... 

Photo courtesy of Sk Hasan Ali/Shutterstock