Mexico has once again opened its doors to Honduran shrimp, ending a year-long closure of the market. This development was confirmed by Arnaldo Castillo, head of Honduras’ Ministry of Economic Development.

Significant Economic Impact

According to Castillo, the reopening of the Mexican market for Honduran shrimp could yield between USD 42 and 48 million annually in foreign currency for Honduras. This news comes as a relief to seafood producers, who are pleased that Mexican authorities have acknowledged the high quality of Honduran seafood.

The resumption of shrimp exports to Mexico is crucial for Honduras, as it provides substantial income that strengthens the economy and supports numerous Honduran families dependent on shrimp production. Notably, the shrimp sector ranks as the fourth-largest foreign exchange generator for Honduras.

Focus on China Market Negotiations

While the Mexican market reopening is cause for celebration, the situation differs for those engaged in negotiations with China. Representatives of the Honduran shrimp industry, such as Redondo, report progress in discussions aimed at establishing an early harvest agreement with China.

Redondo highlighted his participation in China’s seafood fair last year and announced an upcoming edition scheduled for May. He encouraged entrepreneurs and shrimp producers to attend, emphasizing the potential for expanding opportunities in the Chinese market.

Premium Market in Taiwan

Regarding Taiwan, Redondo acknowledged it as a premium market for Honduran aquaculture products, underscoring the importance of this market segment for the shrimp industry.