Sea Food Exporters
Food, beverage, marine exports could hit $100 bn in 4-5 yrs: Piyush Goyal
There is a potential to increase exports of food, beverages and marine products to USD 100 billion in the next 4-5 years as huge demand is there for these goods in the global markets, Commerce and Industry Minister Piyush Goyal said on Friday. Interacting with the food and beverage industry players, the minister also suggested the companies focus on quality, nutrition and sustainability. "I hope to see a 3-digit mark, a USD 100 billion mark, in our food, beverages, marine products and agri exports in the next 4-5 years," Goyal said. He further said this is not an ambitious target and the industry should work together to take the exports to this level. To enhance the quality of production, the government is looking at expanding testing laboratories in the country. The interaction was held on the sidelines of the Indusfood 2025 exhibition in Greater Noida.
 "Food, beverage, marine exports could hit $100 bn in 4-5 yrs: Piyush Goyal")
Sea food exporters hit following lower realisation, higher cost
Plunge in the average exports realisations for shrimps is hitting the bottom-line of the stake holders across the supply chain associated with the USD five billion Indian seafood export market.The export prices of shrimps, the key contributor to the country's seafood basket, have plunged by more than 20 per cent in past few months, due to increased supply from competing nations Vietnam, Thailand, Ecuador.While the exporters are stating that there has been a sharp drop of two dollar per kg in prices of key verities compared to last year which is over 30 per cent.One exporter on the condition of anonymity said for a particular grade of a shrimp the price is around $5.40 per kilogram of shrimp presently which 30 per cent lower than year and major fall was seen in last few months. Falling rupee has not been able to help much, said the exporter.While the shrimp farmers, mainly in Andhra Pradesh, are forced to go for one crop against the normal practice of doing three crops annually ...
 "Sea food exporters hit following lower realisation, higher cost")
