'Indias seafood exports likely to fall marginally'
Deepak Kumar | The Dollar Business India’s seafood exports are expected to witness a marginal decline of up to 4% in the current financial year, an industry expert has said. “Seafood exports value is already coming down because of several reasons. Recent fluctuations in aquaculture prices and global slowdown have affected India’s overall seafood exports. There could be around 3-4% decline in its overall exports as compared to the previous financial year,” Kenny Thomas, Vice President of Seafood Exporters Association of India (SEAI), told The Dollar Business. During the last financial year, the country’s seafood exports reached an all-time high to 1.05 million tonnes worth $5.51 billion, up about 6% from the shipment value of the previous fiscal. The growth was ...
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 ...
