Cyclone Fani impact: Shrimp exports may dip 25% as power shortage continues

Production loss pegged at Rs 300 crore; power-strapped units forced to use generators to maintain cold storage

The catastrophic cylone Fani, which hit Odisha’s coast on May 3, is likely to take a toll on shrimp exports, adding to the distress of exporters who were roiled by lower international prices last year.

"Cyclone Fani, which has caused devastation in the state, is going to affect the value of business by 20-25 per cent compared to last year. There is no regular supply of power to the factories yet," said Kamalesh Mishra, president, Sea Food Exporters' Association of India (SEAI), Odisha region.

Seafood exports from Odisha in 2018-19 were valued upwards of Rs 3,000 crore. Fani has severely affected farming