Seafood exports rise 13%
In the first 10 months of FY 2017-18, India’s seafood exports marked a rise of 13% with 10,85,378 tonnes valued at Rs.35,916.60 crore being shipped out against 9,54,744 tonnes at Rs.32,620.03 crore, a year earlier. In value terms it was 10.11% higher. In dollar terms,
exports were pegged at $5.64 billion during April 2017-January 2018 ($4.98 billion).
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.