Seafood

Apex Frozen Foods stock surges 15% on heavy volumes; hits 13-month high

Analysts view on Apex Frozen: Inventory normalisation in export markets, improving global demand, reduced freight costs and a favourable pricing environment for shrimps support an optimistic outlook.

China stops seafood imports from Japan, links move to Fukushima water

Beijing resumed purchasing marine products from Tokyo just earlier this month, after it lifted a blanket import ban, which was imposed in August 2023, after the water discharge began

Apex Frozen Foods spurts 26% in 4 days; what's driving smallcap stock?

Shares of Apex Frozen Foods hit a 52-week high of ₹294.80, surging 10 per cent on the BSE in Thursday's intra-day trade.

Seafood sector eyes value addition, new markets amid rising US tariffs

Exports to the US, India's largest seafood market, fell nearly six per cent in April-September 2025, while shipments to China, Vietnam, and Thailand surged, indicating a shift towards Asian markets, Dr Ram Mohan, director of Marine Products Export Development Authority, said. He said this at an industry meet held on the sidelines of the fourth International Symposium on Marine Ecosystems (MECOS 4) at the ICAR-Central Marine Fisheries Research Institute (CMFRI), according to a press release issued on Wednesday. The meeting, coordinated by Dr Joe K Kizhakudan, said that India's seafood export sector is facing a major setback following the recent US tariff. Industry leaders and policymakers called for urgent market diversification, enhanced value addition, and technology-driven innovation to sustain the country's seafood trade. "Combined with anti-dumping and countervailing duties, the effective tariff now stands at 58.26 per cent, severely denting India's competitiveness in its top .

Seafood exports to get boost as EU approves 102 new fishery establishments

The European Union (EU) has approved 102 additional fishery establishments for the export of India's marine products to EU member countries, the Marine Products Export Development Authority (MPEDA) announced on Thursday. MPEDA considers it as a major development that would help the country's seafood sector make deeper inroads in European markets and help cushion the impact of US tariffs. With this, the number of EU-approved Indian seafood export units has increased to 604--marking an enormous step forward in enhancing India's presence in the highly lucrative European seafood market. This landmark achievement came after a string of parleys Commerce Minister Piyush Goyal and his senior ministry officials held with their EU counterparts, aimed at bolstering confidence in India's robust seafood control mechanisms, MPEDA said. MPEDA and the Export Inspection Council (EIC) also played a crucial role in this deal through their sustained and coordinated efforts in strengthening food safety

From Live Seafood to Lines of Code: Aram Minasyan's Relentless Pursuit of Market Gaps

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Seafood startup Captain Fresh files for $400 mn India IPO with Sebi

Captain Fresh has confidentially filed for a $400 million IPO in India, targeting a $1 billion-plus valuation as it expands its tech-driven seafood supply chain platform

Govt asks seafood exporters to explore alternative mkts amid US tariff hike

The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage

Basmati players cautious post trade deal with UK, shrimp exporters upbeat

While lower landed costs of basmati rice are welcome, traders feel it will be hard to entirely replace suppliers from Pakistan; meanwhile, marine and agricultural products are expected to see a bump

Tamil Nadu plans seafood exports of $5 bn, sets roadmap for blue economy

State has India's second-longest coastline but is seventh among seafood-exporting states

At sea on ocean goals: India must lead to protect marine health interests

With UN pledges on ocean health remaining voluntary, India must chart its own course to safeguard its maritime interests

PM Modi reviews fisheries sector plans with focus on deep-sea, exports

The fisheries sector in India plays a crucial role in supporting rural livelihoods and contributing to the country's national economy

Trump's reciprocal tariffs: Govt weighs in, TDP seeks seafood shield

Opposition parties seek to know Centre's plans to protect interests of Indian farmers and small-scale industries

Seafood tech firm Captain Fresh raises Rs 250 cr in ongoing pre-IPO round

Prosus Ventures, Accel, and Tiger Global lead the round, backed by prominent domestic family offices

Govt designates CMFRI as Centre of Excellence for seaweed cultivation

The Department of Fisheries under the Union Ministry of Fisheries, Animal Husbandry and Dairying has designated the ICAR-Central Marine Fisheries Research Institute as a Centre of Excellence for seaweed cultivation. The regional centre of Central Marine Fisheries Research Institute (CMFRI) at Mandapam in Tamil Nadu will serve as a hub for research, development, training and capacity building in seaweed cultivation. "The centre will promote sustainable seaweed farming practices and address key challenges in the area with an aim to enhance India's role in the global seaweed industry," CMFRI said in a release. Dr Grinson George, Director of CMFRI termed this development as a crucial step in unlocking the country's potential in seaweed cultivation. "The centre will focus on several key areas, including works on improving seaweed cultivation techniques and addressing challenges," he said. The release said a seed bank will be established to maintain the genetic diversity of indigenous .

Vizag beats Mumbai port; emerges as India's top seafood exporting gateway

Visakhapatnam Port emerged as India's top seafood exporting gateway, clocking an impressive shipment of 3.14 lakh tonnes, valued at Rs 17,984 crore in fiscal 2023-24, a port official said on Monday. Mumbai-based Jawaharlal Nehru Port Authority (JNPA), which handled over 2.4 lakh tonnes of seafood, valued at Rs 6,396 crore is ranked behind the Visakhapatnam port, followed by Cochin Port at the third position, logging over 1.81 lakh tonnes (Rs 6,120 crore). "Visakhapatnam Port has established itself as the premier port in India for marine product shipments, handling an impressive 3,14,199 tonnes of seafood valued at Rs 17,984 crore in FY24. This achievement positions Visakhapatnam Port at the forefront of the nation's seafood export sector," said Visakhapatnam Port Authority (VPA) secretary T Venu Gopal in a press release. According to Venu Gopal, India's seafood exports touched an all-time high of nearly 18 lakh tonnes in the previous fiscal, worth Rs 60,534 crore. Incidentally, thi

India has robust regulatory framework for seafood units: Commerce min

India has a robust regulatory framework for its 548 seafood units and it has set up world-class facilities in the fish processing sector, which are regularly inspected and monitored by various government agencies, the commerce ministry said on Saturday. The statement comes in the backdrop of some reports alleging food safety and bad labour conditions in the Indian shrimp industry. It said that all its units are registered with MPEDA (Marine Products Export Development Authority) and FSSAI (Food Safety and Standards Authority of India) and approved by EIC (export inspection council) as mandated by the law. Additionally, 46 independent pre-processing units are registered by the authority. The shrimp hatcheries and aquaculture farms are registered with the Coastal Aquaculture Authority (CAA) and State Fisheries Departments based on their respective locations. MPEDA also enrols aquafarms to bolster the traceability system of aquaculture products and adhere to national and internationa

India's annual per capita fish consumption jumps 81% during 2005-21

India's annual per capita fish consumption increased to 8.89 kg in 2021 from 4.9 kg in 2005, indicating changes in dietary mix driven by higher income and rising prosperity, according to a study. Among fish-eating populations, per capita annual fish consumption increased from 7.43 kg to 12.33 kg, an increase of 4.9 kg (66 per cent). The study was conducted by WorldFish, the International Food Policy Research Institute (IFPRI) in association with the Indian Council of Agricultural Research (ICAR) and other government bodies. The timeframe for this study was 2005-2006 to 2019-2021. During the 2005-2021 period, the country's fish production jumped over twofold to 14.164 million tonnes, with a compound annual growth rate (CAGR) of 5.63 per cent. Out of the total fish output, the domestic consumption of fish accounted for 82.36 per cent in 2005-2006, 86.2 per cent in 2015-2016 and 83.65 per cent in 2019-2020. The rest was used for non-food purposes and exports. The study noted that the

3rd batch of Release of treated water from Fukushima ends safely: operator

The release of a third batch of treated radioactive wastewater from Japan's damaged Fukushima nuclear plant into the Pacific Ocean ended safely as planned, its operator said on Monday, as the country's seafood producers continue to suffer from a Chinese import ban imposed after the discharges began. Large amounts of radioactive wastewater have accumulated at the nuclear plant since it was damaged by a massive earthquake and tsunami in 2011. It began discharging treated and diluted wastewater into the ocean on August 24 and finished releasing the third 7,800-ton batch on Monday. The process is expected to take decades. The discharges have been strongly opposed by fishing groups and neighbouring countries including China, which banned all imports of Japanese seafood, badly hurting Japanese producers and exporters of scallops and other seafood. The plant's operator, Tokyo Electric Power Company Holdings, said the third release, like the two previous ones, went smoothly and marine sampl

Inland fish production up over 2-fold in 9 yrs to 13.1 mn tonnes: Minister

Fisheries, Animal Husbandry and Dairying Minister Parshottam Rupala on Thursday said the country's inland fish production has more than doubled in the last nine years to 131 lakh tonnes on the back of government's initiatives to boost this sector. The minister also highlighted that the Modi government has announced an investment of around Rs 38,000 crore under various programmes in the last nine years. Addressing a press conference here, Rupala announced that a 'Global Fisheries Conference India 2023' is being organised in Ahmedabad from November 21-22 to discuss immense potential as well as challenges in the sector. The deliberation will help in preparing a future roadmap for this sector. The minister said more than 5,000 people are expected to attend this conference from across the world. He informed that embassies of more than 50 countries have been invited along with global organisations like FAO, World Bank and ADB. Stakeholders, including fishers and fish farmers, engaged in