Indian Seafood Export

FY25 seafood exports cross Rs 60,000 cr, govt eyes duty cuts in Budget 2025

The government has proposed reducing the Basic Customs Duty on several key inputs for shrimp and fish feed production to 5%

At $7.3 billion in FY24, India's seafood exports touched an all-time high

Frozen shrimp remained the leading export item in the Indian seafood basket, generating Rs 40,013.54 crore ($4,881.27 million), while the US emerged as the top market

'India aims to increase seafood exports to Rs 1 trillion in next 2 years'

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 .

How India has gone to become the world's second largest shrimp producer

Once dogged by diseases, the shrimp sector saw a turnaround post-2009

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

EU regulator okays Indian seafood exports, satisfied with residue control

An audit note for the European Union (EU) has expressed overall satisfaction on residue control in the Indian aquaculture sector. This calms earlier worry regarding a possible ban on export of Indian marine products.The audit was in April, by the directorate-general for health and food safety of the European Commission, executive arm of the EU. This was to examine adherence and reliability of the guarantees provided by residue monitoring plans already approved by it for aquaculture products, eggs and honey. These are, says its report being "elaborated in a timely fashion and implemented as planned and, with regard to aquaculture, are supported by extensive additional pre-harvest and pre-export testing programmes".However, it also warns: "Effectiveness of the plans is, nevertheless, weakened by the fact that many pharmacologically active substances available on the market are not currently included in the scope of testing for the three commodities. Further, the information on ...

US-China trade war: Indian seafood exporters may gain from Trump's tariffs

In 2017, the US imported roughly $2.7 bn worth of Chinese seafood

Seafood exporters take a big hit as shrimp prices plunge by 20%

The alarming condition of the aquaculture sector has prompted N. Chandrababu Naidu, to seek the Centre's help to come up with an action plan and stabilise procurement prices

Indian seafood exporters may go under scanner in EU, exports to be impacted

Indian seafood exporters may go under the scanner of European Union, the third largest market of India, due to increasing incidence of traces of antibiotics being found in the seafood products exported from India.Speculations are rife among UK importers that EU is considering a ban on aquaculture product from India though there is no authentic official data available from EU Commission on such a move.In 2016-17, EU accounted for 18 per cent of the total US$ 5.78 billion seafood exports from India. Trade sources said that there are increasing rejection of Indian shrimps for presence of antibiotics like Nitrofurans and metabolites, AOZ and chloramphenicol. But of late the rate of rejection has come down. EU Commission is also believed to be banning factories directly whose products have been rejected."While the commission has not taken any official action yet (the issue does not appear on any EU agendas), the future of Indian aquaculture imports is looking bleak. DG Sante (the ...

More US clamps on Indian seafood export as FDA issues red list of 60 firms

Products may be detained without physical examination due to suspected presence of salmonella