Page 3 - Shrimp Exports

EU traders flag falling no. of Indian shrimp exporters after strict tests

EU has stringent norms on accepting consignments has deterred Indian suppliers.

US rolling back sops won't hurt Indian shrimp exports: MPEDA

India exports seafood worth $2,300 mn to American market with flagship item being frozen shrimp, which is exempted from tariff and is not covered under GSP regime

After the end of GSP, shrimp exporters apprehend new duty by America

In 2018, India met 35% of shrimp imports by the US, which is the largest market for Indian exporters

US FDA cracks down on India's shrimp shipments over banned antibiotics

Shrimp sourced from India accounts for more than one out of every three pounds of shrimp imported into the US

India continues to be top shrimp exporter to US for the fourth year

India is expected to benefit from the sanction imposed by US on China coupled with increasing import of value-added shrimp by US, leading to a growth of about seven to 10 per cent per annum in CY 2019

US shrimp producers blame Indian counterparts for causing health concerns

From 2016 through August 2018, India accounted for 33 per cent by volume of all non-bred frozen warmwater shrimp imports into the United States

10% drop in margin for seafood shippers this year on lower American demand

Realisation (in dollars) from seafood export is expected to drop by a tenth in 2018-19, with a surge in production of Vannamei shrimp from key producing nations and lower American demand.According to a report by CRISIL Research, seafood export will grow 17-18 per cent in this financial year, 500-700 basis points (bps) slower than the 23 per cent and 25 per cent rates in FY17 and FY18. "Still robust, as that growth would come over a high base," it said.In value terms, export is expected to cross $8 billion (Rs 539 bn). Export volume is seen growing 20-21 per cent, apace with the past two years, the report added.Realisations from the US, the largest importer of Indian shrimp, rocketed during FY14 and FY15 but softened in FY16 as supply improved.The impact of declining demand is visible already, as international shrimp prices traded seven per cent year-on-year lower on average between December 2017 and February 2018. Intensifying to a 11 per cent drop in March and expected to fall ...

EU ambassador rules out possibility of a ban on Indian shrimp imports

There was growing concern that the EU was seriously worried over the use of antibiotics in Indian shrimps- a fact that surfaced continuously in its findings

Diseases take toll on Indian shrimp, exports to US may narrow to 7%

Even with prices firming up, farmers are reluctant to stock again due to the ensuing winter season and losses made in the past

Blessing in disguise for shrimp exporters as rupee slumps against US dollar

The rupee hit a fresh record low of 70.32 against the US dollar in early trade on Thursday.

More Indian shrimp shipments refused entry into US due to salmonella

A rising number of shrimp shipments from India are being refusd entry in the United States, due to the presence of salmonella, a harmful bacteria. That country's sector regulator, the Food and Drug Adminstration (FDA) refused 10 'entry lines' last month for this reason -- eight were from India."FDA has reported refusing 60 entry lines of shrimp for salmonella this year, of which the vast majority originate from India," said the Southern Shrimp Alliance (SSA), a US-based body of shrimp fishers and processors.Salmonella poisoning is often linked to contaminated water or foods and can cause food-borne infection, called salmonellosis."The rejection speaks about the unhygienic condition of shrimp farming in India. Nevertheless, the number of rejections by the FDA is on the rise because India sends the highest number of containers to the US," said an exporter, seeking anonymity.The FDA was recently allocated an additional $3.1 million in the coming financial year for inspection of imported .

Vietnam's loss is India's gain as US regulates illegal shrimp imports

SIMP requirements are expected to create temporary headwinds for the export of Indian shrimp harvested from unregistered farms, rating agency ICRA said

After anti-dumping duty, US hits shrimp exporters with non-tariff barrier

For discouraging imports to US, Donald Trump administration has imposed a non-tariff barrier by including shrimps in the Seafood Import Monitoring Program (SIMP) which may hurt exports from India. USA is the largest market for USD five billion Indian seafood sector. Earlier US imposed anti-dumping duty. Although this duty on India was not high, India was exporting shrimp to US via Vietnam which was facing steel hike in anti-dumping from India. Even EU had said that India should monitor primary production of shrimp before exporting to EU.SIMP requires traceability information on imported seafood from point of capture to point of first sale in the US in order to thwart Illegal, Unreported and Unregulated (IUU) fishing activity. SIMP will come into effect from January 1, 2019.Inclusion of shrimp in the SIMP has come a double whammy for the Indian exporters as US has recently enhanced the raised the anti-dumping duty (preliminary) by 25.39 per cent for Vietnam from 4.8 per cent last ...

EU frets over use of antibiotics in India's primary shrimp production

A miffed Union wants Indian authorities to control overall production, so shrimps meant for domestic market don't end up in Europe

US anti-dumping duty hike on Vietnam shrimps to hurt Indian exports

Shrimp shipment from India to Vietnam for further value addition and re-export to USA is likely to be hit with the US government hiking the anti dumping duty (ADD) on shrimps coming from Vietnam. According to preliminary reports, the US has raised the duty by 25.39 per cent from 4.8 per cent last year.India largely exports block frozen shrimp to Vietnam for reprocessing and forward shipment to its customer countries like China, EU, Japan and USA.In 2017, India exported about 1,57,440 tonnes of shrimps to Vietnam, valued at Rs 75.41 billion and accounted for 17 per cent of India's total shrimp exports in terms of volumes." Exports of shrimps especially from West Bengal and Odisha will be badly hit as the exporters send consignments to Vietnam for further value addition and re-exporting", said an exporter.The Vietnam Association of Seafood Exporters and Producers (VASEP) believe that the anti-dumping duty might have been erroneously hiked by the US commerce department in its interim ...

US hikes anti-dumping duty three-fold on Indian shrimps, exporters in tizzy

The move come at a time when senators are blaming Indian exporters for shipping heavily subsidized shrimps

India emerges largest shrimp exporter to USA, exports increase 32%

Eclipsing 60 other countries of the world, India has emerged as the largest exporter of shrimp, a major seafood export item, to the United States of America.US imported more than 32 per cent of shrimps it consumed in 2017 calendar year from India. Between January and December, last year, USA imported 664,119 tonnes of shrimps. "Lower anti-dumping duty and opening up of market by the US buyers has allowed Indian exporters to send more products to the USA. Many importers are now interested to trade directly with the exporters", said Tara Patnaik, Chairman, Falcon Marine Exports Ltd, the largest seafood exporter in country. The trade with US is more of a programmed business where the buyers commit to take a certain amount for a year unlike the spot business adopted by other countries, he added.USA being the top destination for Indian shrimp export, the reduced national average of anti-dumping duty for India at 0.84 per cent remains an important growth driver.In volumes, US imported ...

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

CRISIL expects Indian shrimp export's doubling by 2022

Indian shrimp export, says rating agency CRISIL, could nearly double to $7 billion (Rs 45,000 crore) by 2022, driven by strong demand, high quality and improved product mix. And, an increase in aquaculture area in Andhra, Gujarat, Odisha and West Bengal, while Asian rivals battle structural issues and rising domestic consumption.CRISIL notes India became the biggest exporter of shrimp in FY16, ahead of Vietnam by $100 million. A year on, the country has decisively pulled ahead, at $3.8 bn of export against Vietnam's $3 bn last year.Since 2010, shrimp production in Asia has been hit by disease, flooding, labour issues, and tightening environmental norms. Output in Vietnam has declined by 40 per cent from peak levels because of shortage of fresh water, salinity intrusion and illegal shrimp farming. Thailand, once the top exporter, is now ranked fifth, after a 65 per cent plunge from peak levels. In 2016, China's shrimp production dived by 60 per cent even as its consumption more than ...

Thailand suspends import of Indian shrimps

Export of shrimps to Thailand is not taking place for last three months, said the sources. It has also suspended import of shrimps from Malaysia.