India’s seafood exports registered over 13 per cent growth volume during the first 10 months of FY 2017-18 with 10,85,378 tonnes valued at ₹35,916.60 crore being shipped out against 9,54,744 tonnes at ₹32,620.03 crore, a year earlier.
This was 10.11 per cent higher in value terms.
In dollar terms, exports were pegged at $5.64 billion during April 2017-January 2018 ($4.98 billion).
The US, South-East Asia and the European Union continued to be the three major importers, while the demand from Japan registered a substantial increase during the period.
Frozen shrimp continued to top the marine products exports basket, with a share of 42.05 per cent in quantity and 69.95 per cent in dollar.
According to A Jayathilak, Chairman, Marine Products Exports Development Authority (Mpeda), India’s exports of seafood remained on the upward curve despite a fall in global shrimp prices triggered by oversupply from the major shrimp-producing countries and more stringent test regimes imposed by the EU to detect antibiotic residues in frozen shrimp consignments.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.