Shrimp culture and investment environment in Myanmar: Report
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Shrimp culture is a recent development in Myanmar compared with some other Southeast Asian countries. It has, however, tremendous potential if modern and prudent management techniques are applied. Myanmar presents many attractive advantages for foreign investors, including land availability and relatively low labour cost. However, many problems remain unsolved, scarcity of technical information, lack of trained personnel, and the fact that much of the farming has to be done at an extensive lev el. New economic regulators and reforms are underway, however, that should boost individual and private initiatives. Introduction of imported feeds and increased activity by foreign investors are also stimulating factors. If Myanmar is to increase its competitiveness in the world shrimp market it is also critical that the industry's productivity per hectare be increased. To accomplish this, investments in semi-intensive culturing of shrimps must be encourged. The development of a sustainable and profitable hatchery industry is a viable short and long term alternative to the unreliable supply of post-larval shrimp collected in the wild. No matter what advances Myanmar achieves in the production of shrimp, they can be easily overshadowed by international shrimp market prices. Producers should therefore trim production costs and increase efficiency in order to be on par with ther competitors in the world market. This report identifies and determines some of the constraints which h inder the rate of investment in shrimp farming in Myanmar. As the international market forces for shrimp are expected to play a large part in the confidence of investors, this report also briefly reviewes the global market for cultured shrimp. Guidelines for foreign participation in shrimp culture are also provided in the report.