Europes sluggish buying hits Indian octopus exports
The Dollar Business Bureau India could not encash 93 percent increase in availability of octopus in 2015-16, when compared to the previous year. This is mainly due to the sluggish demand in the European markets and stiff competition from the countries of South-East Asia. More than 11,409 tonnes of octopus were caught in Indian sea shores in 2015-16, as per the data from the Central Marine Fisheries Research Institute (CMFRI). The domestic market for octopus is very less, and majority of its stock needs to be exported to other countries. Indian octopus’ exports account over Rs.200 crore in a year, mostly found in between August and November. Bimaldas, Partner of Emerald Exports and Imports said that the Europe’s purchasing capacity has come down. ...
Indias seafood exports growing steadily, but some areas require attention
The target now is to reach $10 billion by 2020, and it is hoped that higher production will help the sector touch $6 billion in FY2014-15, despite dampened shrimp prices and a firm rupee. Abraham J. Tharakan, President, Seafood Exporters Association of India (SEAI) Today, India’s seafood is popular all around the word with exports to around 100 countries. Growing from a mere Rs.3.92 crore in 1961-62 to Rs. 16,597.23 crore in 2011-12, the growth story of India’s seafood exports is amazing. Driving this growth is improved quality standards and the changing export matrix for India, which has changed from export of mostly dry fish/shrimps to neighbouring countries to exports of frozen shrimps to countries like Southeast Asia, USA ...
