Marine Products
Exports of marine products contract 9% to $7.3 bn in 2023-24 on slow demand
Exports of marine products contracted by 8.74 per cent to USD 7.37 billion during 2023-24 due to demand slowdown in key markets of the US and Europe, according to the commerce ministry data. Indian exporters, however, expressed confidence that in 2024-25, marine exports would register a healthy growth as they are getting good orders. The shipments stood at USD 8 billion in 2022-23, the data showed. According to exporters, demand slowdown, high inflation in developed economies and increasing exports of frozen shrimp from Ecuador to America are some of the reasons for dip in India's exports last fiscal. Leading exporters from the sector Yogesh Gupta, Managing Director, Megaa Moda, said that as the US has imposed anti-dumping duty on Ecuador, "our products would now compete and increase exports". He said that the order books are healthy so far. "Now frozen shrimp from India and Ecuador will compete in the US market and we are hopeful to gain. In 2024-25, our exports will register go
 "Exports of marine products contract 9% to $7.3 bn in 2023-24 on slow demand")
19 major commodities see export volume growth, but value declines
These commodities constitute over a fourth of the export value for April-February, commerce department data showed
 "19 major commodities see export volume growth, but value declines")
How feasible are Rolls-Royce and easyJet's hydrogen engines for planes?
Rolls-Royce and easyJet said that they have successfully run an aircraft engine using green hydrogen created by wind and tidal power
 "How feasible are Rolls-Royce and easyJet's hydrogen engines for planes?")
And now, a seaweed-based nutraceutical cure for fatty liver disease
Pre-clinical trials show no evidence of side effects in the product, which is the ninth such to be developed from marine organisms by Kochi-based CMFRI
 "And now, a seaweed-based nutraceutical cure for fatty liver disease")
Farm exports topped $50 bn in FY22, driven by cereals, marine products
Goyal says wheat exports in FY23 will be over 10 million tonnes
 "Farm exports topped $50 bn in FY22, driven by cereals, marine products")
Exports of marine products jump 35% to $6.1 bn during Apr-Dec 2021
Exports of marine products jumped 35 per cent to $6.1 billion during April-December 2021 as compared with $4.5 billion in the same period of the previous year, the commerce ministry said
 "Exports of marine products jump 35% to $6.1 bn during Apr-Dec 2021")
Marine exports from India risk damage as China imposes non-tariff barriers
China is one of the key markets for India as far as marine exports are concerned
 "Marine exports from India risk damage as China imposes non-tariff barriers")
MPEDA opens quality control lab in Porbandar for seafood exporters
MPEDA has opened a quality control laboratory here to facilitate tests for seafood processors and exporters to confirm to product safety as per international regulatory requirements
 "MPEDA opens quality control lab in Porbandar for seafood exporters")
MPEDA's plan to shut testing labs irks seafood exporters
The pre-harvest testing of aquaculture products is mandatory for export to European Union countries
 "MPEDA's plan to shut testing labs irks seafood exporters")
