National shrimp production could go from 60,000 to 600,000 tons annually with legal reforms
National shrimp production could increase from the 60,000 tons achieved in 2024 to an amount of 600,000 tons annually with the application of legislative reforms and simplification of procedures, explained the president of the Venezuelan Society of Aquaculture, Eduardo Castillo. Banca y Negocios He affirmed that this sector has a solid base to continue growing and increasing exports, but a review of laws and requirements facing the sector is needed.
TL;DR
- Shrimp production in Venezuela could rise from 60,000 tons in 2024 to 600,000 tons annually.
- Legislative reforms and simplification of procedures are necessary for this growth.
- Current regulations and lengthy approval processes (up to four years) hinder the aquaculture sector.
- Venezuela has the technological base and experience to export to competitive markets like Europe, the Americas, and Asia.