Indias seafood exports post record growth of 60% in FY2013-14
Shrimps, particularly the L. Vannamei variety driving phenomenal growth of India’s seafood production and exports The Dollar Business Bureau | @TheDollarBiz India’s seafood exports grew at a record 60% y-o-y in FY2013-14, reaching around Rs.30,213.26 crore (almost $5 billion), compared to Rs.18,856.26 crore earned in the previous year, according to the Agriculture Ministry. Unit value of seafood exports have improved significantly and steadily in the recent years, reaching Rs.3,07,121.48 per tonne in FY2013-14, which is more than double the unit value of Rs. 1,48,113.16 per tonne seen in FY2009-10. Unit value of seafood exports grew by almost 50% Y-o-Y in FY2013-14 alone. Source - Ministry of Agriculture Higher returns have also led to robust growth in production which has grown ...
Aquaculture shrimps can help Indias seafood exports reach $10 billion by 2020: SEAI
States should emulate Andhra Pradesh, which by its spectacular aquaculture shrimp production, has enabled India to overtake Thailand as the largest supplier of shrimp to USA. The Dollar Business Bureau | @TheDollarBiz Concerns of over-fishing and climate change are forcing a change in production and exports of seafood products across the world. India is not unaffected. Abraham J. Tharakan, President, Seafood Exporters Association of India (SEAI) While Indias seafood exports have grown steadily to around $5 billion in FY2013-14, and are estimated to grow to $6 billion in FY2014-15, experts say that aquaculture is perhaps the only reliable way India can meet its seafood export target of $10 billion by 2020. Abraham J. Tharakan, President of the Seafood Exporters Association of India (SEAI), told ...
Lack of storage, poor transport facilities plague Indias food exports
Sachin Manawaria | @TheDollarBiz Most of the perishable food produce in India is transported through non-reefer mode India’s exports of fruits and vegetables have grown in the last three years due to surging demand in Pakistan, Kuwait, Bangladesh, and Sri Lanka. Overall, India’s exports of fruits and vegetables increased to around $1.4 billion in FY2013-14, which is up about 36% from the previous year, according to the Agricultural and Processed Food Products Export Development Authority (APEDA). However, exports could get a significant boost with improvement in storage and transport facilities, say experts. India annually suffers around Rs.550 billion as wastage of fruits and vegetables due to inadequate cold storage, supply chain infrastructure and lack of food processing in agri-sector, according ...
