Dodda Venkata Swamy, chairman of India’s Marine Products Export Development Authority (MPEDA), is pushing back against recent media reports and NGO allegations regarding labor abuses, unsanitary conditions, and food safety violations in the Indian shrimp industry. Swamy maintains that India produces “guilt-free seafood” and boasts a “robust regulatory framework” with “stringent checks and controls” ensuring […]
The Aquaculture Stewardship Council (ASC), a leading organization promoting responsible fish farming practices, is pulling out of China. This move comes amidst growing scrutiny of seafood certification bodies and concerns about ethical and sustainable practices in the industry, particularly in Asia. Strategic Retreat or Deeper Issues? The ASC announced their decision after an 18-month review, […]
The US shrimp industry has received a boost as the Department of Commerce (DOC) announced preliminary countervailing duties on shrimp imports from Ecuador, India, and Vietnam. These duties are meant to offset any unfair advantage these countries might have gained from government subsidies. The Findings: The DOC determined that shrimp producers and exporters in these […]
Let’s chat about something that’s been bubbling up in the world of seafood – the Indian shrimp industry. You might’ve heard some buzz, with folks taking sides and a bit of drama unfolding. Elias Sait from the Seafood Exporters Association of India wasn’t too thrilled, calling out what he sees as “manipulation.” But hey, let’s […]
Louisiana Senator Bill Cassidy is urging the United States Trade Representative (USTR) to investigate potential labor abuses and antibiotic use in India’s shrimp industry. The Senator’s request comes in response to a recent whistleblower report raising concerns about the safety and ethics of shrimp imported from India. Senator Cassidy expressed significant worry, stating that “Indian […]
Good news for Norwegian seafood producers! A recently signed free trade agreement between Norway (through trade organization EFTA) and India opens doors to a massive new market. While India isn’t traditionally known for salmon consumption, growing affluence among some Indians creates an opportunity for Western-style food products. Barriers Lowered, Opportunities Opened: Previously, high tariffs on […]
The shrimp industry holds a significant position in India’s total seafood basket. In FY23, the country’s seafood exports amounted to $8 billion, with frozen shrimps commanding a whopping 70 per cent share of this total. However, the industry has weathered rough times of late. From losing its crown as the world’s top shrimp exporter in […]
India’s once-booming seafood export industry is currently weathering a storm. While the initial target for FY24 was a robust $9.25 billion, current estimates project a more modest figure of around $7.5 billion, falling short of the previous year’s $8.09 billion. This decline can be largely attributed to the sharp drop in global shrimp prices, particularly […]
India’s seafood exports to Russia have seen a significant boost in the last nine months, thanks to the new mechanism of trade settlement in rupees that was introduced by the Reserve Bank of India (RBI) in July 2022. According to the data from the Marine Products Export Development Authority (MPEDA), India exported seafood worth $ […]
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