Search Result for : Shrimp Exports

The Dollar Business Bureau Riding on a robust demand for its frozen shrimp and frozen fish in international markets, India exported 11,34,948 MT of seafood worth an all time high of $5.78 billion (Rs 37, 870.90 crore) in 2016-17 as against 9,45,892 tons and $4.69 billion dollars a year earlier, with USA and South East Asia continuing to be the major importers while the demand from the European Union (EU) grew substantially during the period. Frozen shrimp maintained its position as the top item of export, accounting for 38.28 per cent in quantity and 64.50 per cent of the total earnings in dollar terms. Shrimp exports increased by 16.21 per cent in terms of quantity and 20.33 per cent in dollar terms. ...

The Dollar Business Bureau Credit rating agency, ICRA, said on Thursday that the decision of the US government to roll back the increase in anti-dumping duty (ADD) on the imports of shrimp from India will benefit the farmers in the country and lead to enhanced production. “...The impact of any hike/decline in duty/tax will be passed on back to the farmers by the processors, and not to the end consumer. Hence, while farmers bear the price-risk, they stand to benefit from the current reduction in duty levels. This could lead to increase in sowing and higher shrimp production in the near term,” the agency said in a report. The United States Department of Commerce (US DoC) in its 10th yearly review had hiked the weighted average ADD from 2.96 percent to ...

The Dollar Business Bureau The US’s decision to increase anti-dumping duty on shrimp imports could hit Indian exporters hard, rating agency ICRA said in a recent report. “Any hike in anti-dumping duty (ADD) for shrimp exports from India, by the US, should lead to higher prices for Indian shrimp imports to US, making Indian shrimp un-competitive,” it said. The US Department of Commerce (US DoC) has hiked the weighted average anti-dumping duty on shrimp imports from India to 4.98% from its earlier 2.96%. The US has of late emerged as the largest consumer of shrimps exported from India, especially after a disease (Early Mortality Syndrome) hit Thailand's total shrimp production, thereby affecting that country’s shrimp exports to the US. The US alone accounts for almost 39% ...

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 ...

The Dollar Business Bureau Marine products exports from India recorded an all-time high registering a growth of 10.05% in the last fiscal. Touching a one million tonne mark, marine exports fetched foreign exchange of $5.5 billion to the country during the period. Addressing a press conference on Thursday, Leena Nair, chairman, Marine Products Export Development Authority (MPEDA), said, “During the financial year 2014-15, exports of marine products reached an all-time high of $ 5511.12 million. Marine product exports crossed all previous records in quality, rupee value and $ terms.” By accounting to total quantity of 10, 51,243 MT valued at Rs 3,34,41.61 crore and $5511.12 million, sea food exports grew 6.86 % in quantity, 10.69 % in rupee and 10.05 % ...

Jayarama Emani | The Dollar Business Falling shrimp production in some of the major exporting nations and a weak rupee have helped India’s shrimp exports to the United States and the European Union (EU). India’s shrimp export to the United States for the January-March quarter have registered a 15.27 per cent increase to 24,188 tonnes over corresponding period last year’s 20,983 tonnes, aided by a weak rupee. While some sources on conditions of anonymity have indicated that the devaluation of the Indian rupee had helped push shrimp exports to the US last year, other sources said that falling shrimp production in major producing countries like Thailand and Vietnam is the primary reason for increase in the exports. Said one source ...

 Satyapal Menon | @TheDollarBiz Fishermen haul in a catch of sardine from wooden boats during deep sea fishing trip in the Arabian Sea near Kannur, Kerala, India   Beginning from the green revolution, India has had a white revolution with focus on increasing milk production in the country, and here comes the latest - Blue revolution. Even before attempting to figure what exactly this means, the government plans to deploy measures to net in more fish – in terms of not just the catch, but also dollars - than we have done till date. In fact, India has been having quite a considerable haul of seafood over the years. There is always an ocean to be tapped, and this is precisely ...

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 ...