‘Shrimp industry hurting,
needs boost from gov’t’
BY CARLA GOMEZ
The increase in fuel prices and the stronger peso is hurting the Philippine shrimp industry, which urgently needs government help to boost its export market, Roberto Gatuslao, president of PhilShrimp Inc., said yesterday.
Gatuslao said the increase in fuel and power prices has caused the industry’s production costs to increase by 15 percent, and its export earnings have dropped with the strengthening of the peso.
The shrimp industry earned an estimated $34 million last year with the export of about 40 percent of its production, but this could be further increased, he said.  
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