Exporters target 10% of $400 mn Chinese fish oil and meal markets by 2019

A week after opening China’s market access, Indian exporters are looking to grab at least 10 per cent market share of $400 million Chinese fish oil and meal markets by calendar 2019.

China imports fish oil to the tune of $143.29 million and fish meal to the tune of $263.43 million annually primarily from Peru and Chile. Despite India being the second largest fish producer (11.41 million tonnes) in the world only after China (58.8 million tonnes), China has opened its market for Indian fish oil and meal only last week.

The six-member Chinese delegation in its visit to India