Seafood Exporters

Indian shrimp exporters follow a robust regulatory and safety regime, as it helps them to ship quality marine products to developed regions like the US and Europe, a senior government official said on Wednesday. India is aiming to increase seafood exports to Rs one lakh crore in the next two years by increasing its processing capacity and shifting to higher value-added products, the official added. Debunking certain reports of poor working conditions and safety standards, the official said India's 548 seafood units are regularly inspected and monitored by various government agencies. "These units follow world-class quality and standards, and the major export destinations are developed nations," the commerce ministry official said. Some reports that are alleging food safety and bad labour conditions in the Indian shrimp industry are wrong and baseless, the official noted. All units are registered with MPEDA (Marine Products Export Development Authority) and FSSAI (Food Safety and .

The Kolkata port is looking to tap into seafood export opportunities from Odisha in a bid to increase the business volume from the region. The port, formally known as the Syama Prasad Mookerjee Port, held a meeting with the stakeholders of the seafood export sector in Bhubaneswar on Wednesday regarding business prospects and issues faced by them. The officials wanted to get feedback regarding how the port could provide more facilities and improve the services to meet their needs and do better business. "We want to listen to your problems so that we can improve on them," Kolkata port chairperson Vinit Kumar told the exporters at the meet. The port is focusing on how to increase the partnership and develop a very good relationship with the seafood exporters of the region. "We'll try to fulfill your expectations so that both of us can benefit through the valuable partnership, good service and lowering cost," Kumar said. He pointed out that a lot of modernisation and investment in ..

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New trouble is brewing for Indian seafood export, valued at $4.7 billion annually, with the US taking 30 per cent of this.American Shrimp Processors Association (Aspa) has named India, along with Indonesia, Thailand, Vietnam, Mexico, China, and Malaysia, as seven of the 13 countries with which the US ran a significant overall shrimp trade deficit in 2016. The US trade deficit in shrimp was nearly $4.5 bn in 2016.An 'Omnibus Report' has been called for by the US administration. It is to analyse the effects of the trade relationship on US employment and wage growth, and identification of import and trade practices that might be impairing the country's security."For decades, our shrimp industry has faced surging import of farm-raised shrimp produced overseas. As a result, the US trade deficit in shrimp is substantial and growing," says David Veal, executive director of Aspa. He has testified at public hearings there to address this situation. Aspa says the deficit of $3.4 bn with these ..

The hardening of Rupee against Dollar has hit the seafood exporters in the country hard as the exports fetch less realisation compared to earlier.The Indian exporters send out $4.7 billion worth of seafood merchandise annually and at the present exchange rate, they are incurring losses on each consignment they ship. Since the beginning of 2017, the domestic currency has appreciated more than five per cent against the dollar."The net realization has come down. It will proportionately impact the raw material prices. We are incurring losses", said Tara Patnaik, chairman of Falcon Marine Exports Ltd, country's largest exporter of seafood.However, the off season has come as respite to the exporters."Now it is off season. We expect the raw material prices to go down which may absorb the losses", he added.Exporters said, due to the off season, the importers are in no mood to increase the prices of the marine products. The loss out of existing orders will be absorbed only when the raw ...