Seafood

India's seafood exports to US set to rebound after tariff cut to 18%: SEAI

India's seafood exports to the United States are expected to recover, following months of declining shipments, after Washington agreed to cut tariffs to 18 per cent from 25 per cent, the Seafood Exporters Association of India (SEAI) said on Tuesday. Fish exports to the US fell 15 per cent by volume to 201,501 tonnes in the April-November period of the current fiscal year, while value declined 6.3 per cent to USD 1.72 billion from USD 1.84 billion a year earlier, SEAI General Secretary K N Raghavan said. "The field has become level again, exports should get the boost," Raghavan told PTI. "We expect that with tariffs coming down to 18 per cent, we should get back to the previous levels." The decline came after the US imposed 50 per cent tariffs on Indian goods in August 2025 - the highest for any Asian country - including a 25 per cent penalty linked to India's purchase of Russian oil. During the period of elevated tariffs, Indian exporters were fulfilling existing contracts, but ne

India-EU FTA to boost marine exports with tariff cuts of up to 26%

Concerns over non-tariff barriers for farm and animal products remain

Apex Frozen Foods zooms 19% on heavy volumes; what's driving seafood stock?

PM Modi said the India-EU FTA is a landmark partnership between two major economies, promising sweeping gains and new opportunities for businesses and consumers.

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