Shrimp Import

Shrimp-heavy shipments to China, Vietnam, and Europe help country log $4.87 bn in Apr-Oct

In his letter to Goyal, Naidu appealed to the Centre "to come to the rescue of aqua farmers by negotiating with the US to exempt the aqua products from this additional duty"

Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in the state's politically vital aquaculture sector. SHINE JACOB elaborates

The price drop is attributed to shrimp processors halting their purchase plans, which could severely impact growers

The drop in these shrimp stocks followed the imposition of a 27 per cent reciprocal tariff on India by US President Donald Trump

Apex Frozen Foods skyrocketed up to 16.04% to hit an intraday high of Rs 276.35 per share, while Avanti Feeds zoomed as much as 8.97% to hit an intraday high of Rs 653.35 per share

According to an analysis done by FIEO, the rupee has depreciated by 8.1 per cent till September 7, 2022 since the same point last year

China began testing imported fresh and frozen food after the coronavirus was found on a chopping board used to cut salmon at a large food market in Beijing

It may be noted that US is the largest market for Indian shrimp exporters accounting for more than 30 per cent of exports. Seafood exports from India is valued at USD seven billion

Thailand accounts for about 13 per cent of the $1.7-billion (Rs13 bn) of Indian seafood export to Southeast Asia

The recent threefold hike in anti-dumping duty (ADD) on Indian shrimp import by the United States is not likely to have much impact on shipment volume.The USA is the largest market for Indian seafood. The ADD has been raised on shrimp to 2.34 per cent, from 0.84 per cent."It is definitely a matter of concern for exporters of seafood but it is not going to impact that heavily. If at all there will be any, it can be compensated by exporting to other countries. The hike in duty is a kind trade embargo by the US to safeguard its domestic industry. There is growing demand from the US and other countries", said a member of the Seafood Exporters Association of India. "As India accounts for 32 per cent of USA's shrimp import volume, we do not expect a material impact of the ADD hike on export volume; the growth trajectory is expected to continue in the near term," said Pavethra Ponniah, vice-president at ratings agency ICRA. "There could, however, be some margin compression across the ...

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 ...

Export of shrimps to Thailand is not taking place for last three months, said the sources. It has also suspended import of shrimps from Malaysia.

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

Federation asks minister to resolve issue & overhaul export safety rules