Sea food exporters hit following lower realisation, higher cost

US shrimp export realisations (in dollar terms), that account for 70 per cents of export value, are also expected to fall by 10 per cent in fiscal 2019

The plunge in the average exports realisations for shrimps is hitting the bottom-line of the stakeholders across the supply chain associated with the USD five billion Indian seafood export market.

The export prices of shrimps, the key contributor to the country's seafood basket, have plunged by more than 20 per cent in past few months, due to increased supply from competing nations Vietnam, Thailand, Ecuador.

While the exporters are stating that there has been a sharp drop of two dollar per kg in prices of key verities compared to last year which is over 30 per cent.

One exporter on the condition of