Indonesia to Expand Shrimp Farming in East Nusa Tenggara

Summary

Indonesian Finance Minister (Menkeu) Sri Mulyani Indrawati revealed the government's plan to establish a massive shrimp farm in Waingapu, East Nusa Tenggara (NTT), after the inauguration of a 60-hectare shrimp farming area (BUBK) in Kebumen, Central Java.

"The government plans to build more BUBKs, such as in Waingapu in NTT, with a total area of 1,800 hectares," the post on her Instagram account @smindrawati reads on Monday.

Global shrimp demand is quite promising, only second to that of salmon. In 2015-2020, Indonesia contributed to around 6.9 percent of the global shrimp supply.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.