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Andhra shrimp farmers in troubled waters
24 September 2007INDIA - Shrimp hatcheries in Andhra Pradesh are reeling under severe losses due to lack of demand and a strengthening rupee.
According to hatchery owners, shrimp farm operators have lost at least Rs 10-15 crore during the last season ended July.
If the situation continues for some more time, several of the hatcheries will have to shut shop during the next season, which begins from December.
Operators said around 50 per cent of the hatchery owners have already stopped shrimp seed production.
Andhra Pradesh has about 240 shrimp hatcheries with a production capacity of about 16,000 million seeds every year.
During the last season (May to July), these hatcheries produced just 4,000-5,000 million seeds due to less demand.
Source: CommodityOnline
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