Iwan Sutanto, Chairman of Shrimp Club Indonesia, explained that shrimp price is dropping due to the weakening of global demand.
Current shrimp price is below the producers' production cost.
explained that size 50 shrimp price has dropped to around 24 percent to Rp 38,000 per kilogram (kg) from the average price of Rp 50,000 per kg in 2011.
Shrimp price outside of Java reaches Rp 33,000 per kg.
"Last month, the national shrimp price is at Rp 42,000 per kg," he
Meanwhile, shrimp cultivation production cost is around Rp 35,000 per kg during normal conditions, and up to Rp 45,000 per kg when there are disruptions such as virus attack.
According to Iwan
, the dropping of price will affect this year's national shrimp export.
clarified that shrimp export in the first quarter is still increasing.
estimates that export will be hampered in the next quarters.