Page 2 - Seafood

Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker

Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes

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

New US norms on seafood imports may cool demand for Indian shrimps: Icra

The US is a major market for India's seafood exports and is valued at $7 billion

India emerges largest shrimp exporter to USA, exports increase 32%

Eclipsing 60 other countries of the world, India has emerged as the largest exporter of shrimp, a major seafood export item, to the United States of America.US imported more than 32 per cent of shrimps it consumed in 2017 calendar year from India. Between January and December, last year, USA imported 664,119 tonnes of shrimps. "Lower anti-dumping duty and opening up of market by the US buyers has allowed Indian exporters to send more products to the USA. Many importers are now interested to trade directly with the exporters", said Tara Patnaik, Chairman, Falcon Marine Exports Ltd, the largest seafood exporter in country. The trade with US is more of a programmed business where the buyers commit to take a certain amount for a year unlike the spot business adopted by other countries, he added.USA being the top destination for Indian shrimp export, the reduced national average of anti-dumping duty for India at 0.84 per cent remains an important growth driver.In volumes, US imported ...

World shrimp trade steady on surge in Indian exports

India emerged as the top exporter with a 34% rise in sales volumes of 96,921 tonnes, followed by Ecuador

Frozen shrimps help seafood exports reach all time high in 2016-17

Burgeoning export of home grown shrimps have boosted seafood exports to its highest ever extent in 2016-17.Official figures released by the Marine Products Exports Development Authority (MPEDA) on Wednesday showed seafood exports reaching a record high of 11,34,948 Million Tonnes as well as earning a record $ 5.78 billion mainly due to rapid growth in frozen shrimp and fish shipments.Frozen shrimp of the Vannamei variety maintained its position as the top exported item, accounting for more than 64 per cent of the total earnings. Shrimp exports increased by more than 20 per cent in spite of growing opposition US based shrimp farmers who have argued Indian exporters are dumping produce in the US market.The American Shrimp Processors Association has named India, along with Indonesia, Thailand, Vietnam, Mexico, China, and Malaysia, as seven of the 13 countries with which the US ran a significant overall shrimp trade deficit in 2016. The US trade deficit in shrimp was nearly $4.5 billion ..

Sizzling temperatures may hit seafood exports

The seafood industry is facing the heat due to rising instances of premature mortality of shrimps in the ponds