India’s marine seafood exports up by 30% to nearly $ 8 billion in the first three months of FY22

Exports of marine products from India rose by 30.26 per cent to $ 7.76 billion during 2021-22 as against USD 5.96 billion in previous fiscal year, the commerce ministry said. India shipped 13,69,264 MT (metric tonnes) of seafood worth Rs 57,586.48 crore during 2021-22. “During 2021-22, the export improved in rupee term by 31.71 per […]

Read more

Indian seafood industry to recover in FY22: CRISIL SME Tracker

Subdued demand in both domestic and export markets will shave 25-30 per cent of the revenue of small and medium enterprises (SMEs), which account for nearly 80 per cent of the seafood industry in India, in the current fiscal year (FY21), said a report from ratings agency CRISIL SME Tracker. Domestic appetite for seafood has reduced drastically […]

Read more

India’s seafood exports show a declining trend in fiscal 2021 primarily on pandemic restrictions

IMG_5012.jpg

The cumulative exports of seafood from India during April to January in FY 2020-21 has shown a decline of 20.54% in volume, 13.32% in rupee value and 17.01% in dollar earnings compared to the same period last year. Shrimp production during the current fiscal has shown a marginal increase compared to the previous year’s production […]

Read more

India’s seafood exports likely to decline by 20% this fiscal: SEAI

shrimps.jpg

Lower demand from China and less availability of containers is likely to bring down Indian seafood exports by 20% this fiscal, Jagdish Fofandi, national president of the Seafood Exporters Association of India (SEAI), said. He said confusion regarding the extension of the Merchandise Exports from India Scheme (MEIS) till April 2021 is also affecting the […]

Read more

Interview- India’s seafood exports unlikely to decline despite global pandemic crisis as demand positive

daniel-lee-0SoNhJmB9sE-unsplash.jpg

While most Indian exporters are projecting a modest to massive decline in volumes in their categories following bleak demand trends due to Covid-19, seafood exporters are confident of not losing business in these troubled times. Speaking with indoasiancommodities.com, Elias Sait, Secretary General of Seafood Exporters Association of India (SEAI), said that demand trends from most […]

Read more

India’s shrimp exports to the US higher by 25% in April 2020

shrimps.jpg

India exported 25% higher shrimps to the US during April this year. Compared the April 2019, the country exported 4,480 tonnes more this year in April. According to the latest data of US agency National Oceanic and Atmospheric Administration, India exported 22,229 tonnes of shrimp during April 2020 as against 17,749 tonne in April 2019. […]

Read more