Stocking of shrimps in states like Andhra Pradesh, Tamil Nadu and Odisha is down by about 40 per cent compared to the February-March period last year
It may be noted that US is the largest market for Indian shrimp exporters accounting for more than 30 per cent of exports. Seafood exports from India is valued at USD seven billion
Trade sources said that shrimp prices have fallen below the production cost in Tamil Nadu, Andhra, Odisha, West Bengal and Gujarat
Apart from India, the major producers of farmed shrimp were China, Ecuador, Vietnam and Indonesia
The move come at a time when senators are blaming Indian exporters for shipping heavily subsidized 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.
Duty on frozen warm water shrimp fixed at 0.84%, applies to 231 exporters
The duty finalised is lower than the previous review rates
Federation asks minister to resolve issue & overhaul export safety rules
Burgeoning export of home grown shrimps have boosted seafood exports to its highest ever extent in 2016-17.Official figures released by the Marine Products Exports Development Authority (MPEDA) on Wednesday showed seafood exports reaching a record high of 11,34,948 Million Tonnes as well as earning a record $ 5.78 billion mainly due to rapid growth in frozen shrimp and fish shipments.Frozen shrimp of the Vannamei variety maintained its position as the top exported item, accounting for more than 64 per cent of the total earnings. Shrimp exports increased by more than 20 per cent in spite of growing opposition US based shrimp farmers who have argued Indian exporters are dumping produce in the US market.The American Shrimp Processors Association has named India, along with Indonesia, Thailand, Vietnam, Mexico, China, and Malaysia, as seven of the 13 countries with which the US ran a significant overall shrimp trade deficit in 2016. The US trade deficit in shrimp was nearly $4.5 billion ..
The India seafood exporters will move the United States International Trade Commission (USITC), a quasi-judicial federal agency with broad investigative responsibilities on matters of trade, for complete waiver of anti- dumping duty after five years.Recently, the commission had voted against revoking the existing antidumping duty orders on imports of frozen warm water shrimps from India jolting the 4.7 billion dollar seafood industry here.It also voted to extend the anti-dumping orders on shrimp imports for five more years on shrimp from China, India, Thailand and Vietnam."US will review the duty every year and finalise a rate. We will again move to USITC after five years for the sunset review", said Tara Patnaik, chairman, Falcon Marine Exports Ltd, country's largest exporter.USA is the largest importer of Indian seafood with a share of 28.46 per cent in terms of USD. The total exports to USA stood at $1334.05 million in 2015-16.The recent order of USITC of continuation of duty was ..
US govt is set to enforce countervailing duties strictly on countries held to be dumping goods.
The projected growth rate is second highest among the major shrimp-producing regions
Reduction in duty by the US govt on import of frozen shrimps from India is likely to boost exports