You are here: Home » PTI Stories » National » News
Business Standard

Shrimp exports up 21 pc to $3.94 bn during Apr-Jan


Press Trust of India  |  New Delhi 

The country's shrimp export grew 20.63 per cent during April-January of the current fiscal to USD 3.94 billion, on account of healthy demand in the US, Japan, South East Asia and the EU, as per data from the Marine Products Export Development Authority (MPEDA).

India is a leading supplier of frozen shrimp and fish in the international market.

The total seafood exports of the country during the first 10 months of the current financial year rose 13.27 per cent to USD 5.64 billion.

According to the data, frozen shrimp continued as the top export item of the marine products basket, with a share of 42.05 per cent in terms of quantity and 69.95 per cent of the total earnings in dollar.

In terms of volume, shrimp exports increased to 4,56,404 tonne during the period, against 3,78,355 tonne in April-January of 2017-18.

The largest markets for India's frozen shrimp were the US (1,87,873 tonne), South East Asia (1,27,525 tonne), EU (62,164 tonne), Japan (28,064 tonne), Middle East (15,801 tonne) and China (9,533 tonne).

The country's shrimp exports are growing despite a fall in global prices due to oversupply from some major shrimp-producing countries and stringent test regimes imposed by the EU to detect antibiotic residues in frozen shrimp consignments.

The main seafoods being exported by India include frozen fish, frozen squid, Vannamei shrimp, and Black Tiger shrimp.

The US is the major importer of Indian seafoods, with a share of about 34 per cent in dollar terms. It is followed by South East Asia, EU, Japan, Middle East nations, and China.

Further, according to MPEDA, Indian ports handled a total marine cargo of 10,85,378 tonnes worth USD 5.64 billion during the period.

Pipavav port handled the highest marine cargo of 2,47,873 tonne. The major ports from where the country exports include Vizag, Jawaharlal Nehru Port, Krishnapatnam, Tuticorin, Chennai and Mangalore.

The four largest shrimp-producing states are Andhra Pradesh, Tamil Nadu, Maharashtra, and Kerala.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 23 2019. 15:00 IST