Seafood Exports

Country's seafood exports are likely to reach an all-time high of $ 8 billion in FY 2022-23 despite three years of a sluggish global market caused by the pandemic, logistical hurdles

Among factors that impacted exports were sluggish demand, cancellation of orders, and reduced & delayed payments

During April-December 2019, total seafood exports to China rose by 75 per cent to $1.032 billion

CRISIL Research expects the industry to grow 5-7 per cent year-on-year, compared with 6-7 per cent in the last fiscal year

The US took the largest share of Indian seafood, at $2.3 billion or 32.8%

India exported 1,085,378 tonnes of seafood till January in FY18 against 954,744 tonnes shipped in the corresponding period of FY17

An EU inspection team is reported to have expressed its satisfaction with the marine product export procedure followed in the country

EU team to visit Odisha first and then proceed to other states

The growth is recorded at a time when a ban from European Union (EU) is looming large over quality issues

With the European Union (EU) and United States (US) adopting various restrictive measures to curb seafood import, Indian exporters are exploring new markets.India exported $5.8 billion (Rs 37,870 crore) of seafood products in 2016-17. The US was the largest market; the EU was third."We believe that in the short and middle term, Indian seafood exporters would look at other markets like Japan, Korea, CIS, Eastern Europe and the Middle East. Developing these markets further for products from India should be the next logical step for MPEDA (Marine Products Export Development Authority) and the industry. China and Vietnam continue to be strong buyers and there are strong signs of substantial increase in India's export quantities to these two markets," said Rahul Kulkarni, director, WestCoast Group, a leading shipper. Rajen Padhy, a seafood trader, agreed: "With the EU restrictions and anti-dumping duty in the US, the focus has shifted to East Asia and Southeast Asia."China, Vietnam and ...

he US is the top destination for Indian seafood export

The Food and Drug Administration in the USA has issued a list of 140-odd Indian seafood exporting entities to be excluded from that country's restrictive 'Detention Without Physical Examination (DWPE)' ambit.US import in 2016-17 was 188,617 tonnes of Indian seafood, amounting to $5.8 billion or nearly Rs 38,000 crore, about 22.7 per cent more in quantity over the previous year and 30 per cent in dollars."The names of exporters in the list are exempted from detention but are subject to random examination by the US authorities and the list is revised from time to time," said the spokesman of a large exporting company."Districts may detain, without physical examination, all fresh (raw), fresh frozen, and cooked shrimp from India, except shipments from those firms listed as exempt in the Green List to this alert," the FDA said.This positive development for Indian entities comes when the American Shrimp Processors Association has named India, Indonesia, Thailand, Vietnam, Mexico, China ...

Exporters are upbeat despite major importing countries adopting protectionist measures

Odisha has set the ball rolling to achieve the targeted Rs 20000 crore seafood exports annually in the next five years by initiating the process to prepare a road map and action plan. The Fisheries and Animal Resources Development department has selected Mangalore based NITTE university as the consultant for preparing the road map. " We will soon sign an agreement with the University as the consultant. They will prepare a roadmap in six months that will guide the state government to achieve ambitious target of Rs 20000 exports", said an official in Fisheries and Animal Resources Development department. In 2016-17, the state had exported seafood worth Rs 2100 crore compared to Rs 1796 crore exports recorded in 2015-16, an increase 17 per cent. The state government has already promulgated Odisha Fisheries Policy, 2015. The brackish water land leasing policy is also in place for the fishing sector. The policy envisages increase in production, productivity and exports of fish stock. The .

New EU norms call for testing half the consignment, up from 10% earlier, after discovery of chloramphenicol and other contaminants in export samples

New rules call for samples to be taken from at least 50% of consignments; exports could be hit badly

Seek capital subsidy based on actual capex subject to a maximum of Rs 5-7 crore for putting up a processing plant

Exports from the country had declined in 2015-16 with the slowdown in global economies and better supply from competing countries such as Thailand and Vietnam