<div style="float: left;">
		<img align="" alt="Odisha earns Rs 4,794 crore from sea food exports" class="imgCont" height="464" src="http://bsmedia.business-standard.com/_media/bs/img/article/2016-05/11/full/1462975267-4078.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="Odisha earns Rs 4,794 crore from sea food exports" width="620" />
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			Seafood exporters are in a quandary after&nbsp;demonetisation&nbsp;of high-value currency notes as they fear the crisis if prolonged and can lead to cancellation of orders.&nbsp;</div>
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			The government&rsquo;s surprise move to ban Rs 500 and Rs 1,000 notes has left the exporters of the perishable item a worried lot.&nbsp;<br />
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			The exporters are finding it tough to make the materials available in time at ports for shipments.&nbsp;</div>
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			&ldquo;Exporters are unable to make the shipments on time as they are running out of cash to make on-road expenses of trucks carrying the cargo to the ports. There are personal expenses of the drivers, fuelling, road taxes, loading and unloading costs, which are to be met in cash only. On any given day, the expense comes to around Rs 1 lakh to Rs 2 lakh,&rdquo; said Ramesh Mohapatra, chairman, Magnum Seafood and president, Utkal Chamber of Commerce and Industry.&nbsp;</div>
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			&ldquo;The government&rsquo;s move will have a natural impact on the exports due to delay in shipments. If we fail to deliver on or before the due date to the customers, the orders may get&nbsp;cancelled,&rdquo; he added.</div>
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			Indian seafood exports are pegged at $4.7 billion with the US and southeast Asian countries being major importers. Frozen shrimp is the major export item followed by frozen fish.&nbsp;</div>
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			The government&rsquo;s move to limit the withdrawal amount and cash transactions will also delay the payments to the workers.&nbsp;</div>
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			&ldquo;We will make the payments to the contractors by cheques,&rdquo; said Tara Ranjan Patnaik, chairman, Falcon Marine Exports.&nbsp;</div>
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			Ajay Dash, president, SEAI-Odisha, also said they&rsquo;d pay by cheques to workers.</div>
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Indian seafood exports are pegged at $4.7 billion

Odisha earns Rs 4,794 crore from sea food exports

Demonetisation hits seafood exporters as fears of order cancellation grow

Indian seafood exports are pegged at $4.7 billion

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