Aquaconnect conducted survey in collaboration with aquaculture industry veterans to analyse the impact of COVID-19 lockdown on aquaculture industry stakeholders.
UNAVAILABILITY OF PROCESSORS Slowdown in global shrimp imports and nationwide lockdown put the processors in shutdown mode and that resulted in oversupply of shrimps with low demand. Post relaxation, processors are operating at reduced capacity which keeps the prices minimal and poor market absorption.
LOW PRICES Shrimp farmgate prices got plunged heavily due to the COVID lockdown and led to market instablity. Price reduction and unavailability of processors to procure the harvested material are baffling the shrimp farmers and delays massive summer crop stocking throughout India.
SUPPLY CHAIN CHALLENGES Transportation of raw materials & farm inputs between producers to retailers, distributors to farms and all other goods flow has been affected badly and led closure of farm input shops.
LABOUR ISSUES/ PEOPLE MANAGEMENT Low availability of workforce/ labour for hatcheries, farm inputs producers, processors and large farms hit hard on their operational activities
LACK OF TECHNICAL SUPPORT Lack of technical/advisory support in summer crop due to absence of farm visits by technicians/consultants.
NEED OF THE HOUR
Stable market prices Full swing operations by processors will increase shrimp procurement/demand and recover from low farm gate prices and encourage wider summer crop stocking to avoid over shortage of shrimp supply in Q2 and Q3 this year.
Boost domestic consumption to absorb the oversupply and increase market stability.
e-pass for aquaculture professionals / consultants to ease farm visit and provide necessary farm advisory support to overcome production issues. Govt. intervention and support to recover the market by involving authorities and providing financial assistance.
Open aqua farm inputs shops to facilitate adequate material supply.
Supporting processors /exporters with adequate working capital from formal financial institutions to restart the operations.
Proper execution of lockdown exemptions to ease the transportation of goods between the stakeholders and avoid vehicles blockage.