Video: Indonesian Shrimp Competes in US-China Markets, Entrepreneurs Have These Strategies

Jakarta, CNBC Indonesia - The President Director of PT Bogatama Marinusa (Bomar), Tigor Cendarma, expressed optimism regarding the prospects for expanding Indonesia’s shrimp export markets as demand for shrimp and shrimp products continues to rise in international markets.

Bomar, operating as both a shrimp producer and processor, continues to drive domestic shrimp production and is preparing to expand its export markets. Key target markets for Bomar include China and Vietnam; however, these markets present challenges due to diverse regulatory requirements, necessitating innovation and supporting technology.

On the other hand, shrimp sector entrepreneurs are being encouraged to increase production volumes to expand their market share and meet strong demand prospects.

The full discussion on the prospects and challenges of developing Indonesia’s shrimp exports was featured in Squawk Box CNBC Indonesia, with Andi Shalini interviewing Tigor Cendarma, President Director of PT Bogatama Marinusa (Bomar).