Strong orders to push up exports of shrimps

The growth in demand of Indian frozen shrimp is expected to continue, despite the negative sentiments regarding the imposition of a ban on Indian shrimps

Aided by strong order books, exports of shrimps are likely to grow by about 30 per cent this financial year from 0.43 million tonnes exported in FY17. The exports are likely to surpass 0.55 million tonnes in FY18.

“Following 19 per cent volume growth registered during FY17, the trend continued in the first half of FY18 with volumes growing 33.6 per cent year-on-year (y-o-y). India currently accounts for 35 per cent of the global frozen shrimp exports,” said rating agency Icra in a report.
 

Icra expects shrimp exports during FY18 to grow 25-30 per cent, led by order visibility for