Seafood

Qatar lifts temporary ban on import of frozen seafood from India

The ban was imposed last year in November just ahead of the FIFA World Cup following the alleged detection of Vibrio cholera from a few consignments from India

Centre aims at almost doubling seafood exports to $14 billion by 2025

The Centre is aiming at nearly doubling seafood exports to USD 14 billion by 2025, a Union minister said on Wednesday. Seafood exports are showing a positive trend this fiscal with three per cent growth in volume, she said. "In 2021-22, the (seafood) exports figure was worth USD 7.76 billion, which was 17 per cent of our agriculture shipments. We have a target to achieve USD 14 billion by 2025," Union Minister of State for Commerce and Industry Anupriya Patel said. She was speaking here at the inauguration of the India International Seafood Show 2023. India's commitment towards safe and sustainable seafood production for export will lead the way for enhancing foreign direct investment, thereby contributing to the Make in India' initiative, Patel said. "We are also proceeding in a favourable manner with our Free Trade Agreements (FTAs) with different important-export destinations. "India, today, has become one of the most preferred and one of the very big seafood baskets for the w

Kolkata to host International Seafood Show, with focus on G20 countries

Kolkata will host the India International Seafood Show 2023, which will feature a buyer-seller meet with a particular focus on G20 countries, organisers said on Tuesday. The three-day event organised by the Marine Products Export Development Authority (MPEDA) in association with the Seafood Exporters Association of India (SEAI) will commence on Wednesday. The Show assumed significance as the Indian seafood sector needs to regain buoyancy in the post-pandemic phase in the face of stiff global competition and a stringent inspection regime imposed by the European Union and Japan on shrimp consignments. European Union and Japan are members of G20. According to M Karthikeyan, director of MPEDA, around 5,000 delegates from India and other countries are expected to attend the event. MPEDA officials said Pradhan Mantri Matsya Sampada Yojana (PMMSY) would promote fish production, thereby increasing the availability of marine products for export. Further, the Production Linked Incentive Sc

TenderCuts launches new platform HappyChops for local meat outlets

Platform empowers local meat shops with latest tech and robust supply chain; has on-boarded 100 shops in Chennai, plans to rope in another 300 by March, expand to 10 more cities by June

D2C meat brand Pescafresh to expand presence in Bengaluru, Gurugram

Will set up processing units conforming to HACCP and FSSAI standards at both locations by November

US government to nearly double temporary visas for non-agricultural jobs

Twenty thousand of the H-2B visas will be granted to workers from the Central American countries of Honduras, El Salvador and Guatemala as well as Haiti

Distress in Singapore as Malaysia bans chicken export to curb rising prices

Prime Minister Ismail Sabri Yaakob announced last week that, beginning June 1, Malaysia will ban exports of 3.6 million chickens a month until domestic prices and production stabilize.

Meat and seafood brand TenderCuts opens first all-women store in Chennai

The store was an extension of TenderCuts' vision to enable all shoppers, especially women, to step into meat or fish buying experience, a press release said

A meaty opportunity for e-commerce industry in India amid Covid-19

Online meat and fish delivery companies see big potential in the growing consumer appetite for hygienic, home-delivered fresh produce

Did Covid-19 come from Wuhan seafood market? Investigators find fresh clues

Worldwide, Covid-19 has caused more than 105.7 million infections and 2.3 million deaths

Seafood industry to recover in FY22 on strong demand: CRISIL SME Tracker

Domestic appetite for seafood waned as the pandemic-induced lockdown weakened demand from hotels, restaurants and cafes

Revival in production and exports buoys seafood firms: CRISIL SME Tracker

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

New US norms on seafood imports may cool demand for Indian shrimps: Icra

The US is a major market for India's seafood exports and is valued at $7 billion

India emerges largest shrimp exporter to USA, exports increase 32%

Eclipsing 60 other countries of the world, India has emerged as the largest exporter of shrimp, a major seafood export item, to the United States of America.US imported more than 32 per cent of shrimps it consumed in 2017 calendar year from India. Between January and December, last year, USA imported 664,119 tonnes of shrimps. "Lower anti-dumping duty and opening up of market by the US buyers has allowed Indian exporters to send more products to the USA. Many importers are now interested to trade directly with the exporters", said Tara Patnaik, Chairman, Falcon Marine Exports Ltd, the largest seafood exporter in country. The trade with US is more of a programmed business where the buyers commit to take a certain amount for a year unlike the spot business adopted by other countries, he added.USA being the top destination for Indian shrimp export, the reduced national average of anti-dumping duty for India at 0.84 per cent remains an important growth driver.In volumes, US imported ...

World shrimp trade steady on surge in Indian exports

India emerged as the top exporter with a 34% rise in sales volumes of 96,921 tonnes, followed by Ecuador

Frozen shrimps help seafood exports reach all time high in 2016-17

Burgeoning export of home grown shrimps have boosted seafood exports to its highest ever extent in 2016-17.Official figures released by the Marine Products Exports Development Authority (MPEDA) on Wednesday showed seafood exports reaching a record high of 11,34,948 Million Tonnes as well as earning a record $ 5.78 billion mainly due to rapid growth in frozen shrimp and fish shipments.Frozen shrimp of the Vannamei variety maintained its position as the top exported item, accounting for more than 64 per cent of the total earnings. Shrimp exports increased by more than 20 per cent in spite of growing opposition US based shrimp farmers who have argued Indian exporters are dumping produce in the US market.The American Shrimp Processors Association has named India, along with Indonesia, Thailand, Vietnam, Mexico, China, and Malaysia, as seven of the 13 countries with which the US ran a significant overall shrimp trade deficit in 2016. The US trade deficit in shrimp was nearly $4.5 billion ..

Sizzling temperatures may hit seafood exports

The seafood industry is facing the heat due to rising instances of premature mortality of shrimps in the ponds