Seafood Of India

A Market in Flux: US Shrimp Imports Defy Tariffs and Tumult to Achieve Near-Record Volumes in 2025

A Market in Flux: US Shrimp Imports Defy Tariffs and Tumult to Achieve Near-Record Volumes in 2025

The United States shrimp market proved remarkably resilient in 2025. Despite a barrage of steep reciprocal tariffs, countervailing duties (CVD), and alarming food safety recalls, US importers closed the year with their fourth-largest volume in history. Reaching a total of 795,641 metric tons (MT)—a 2% increase over 2024—the data reveals
The Strategic Reorientation of India’s Marine Economy: Advanced Research Analysis of Union Budget 2026-27

The Strategic Reorientation of India’s Marine Economy: Advanced Research Analysis of Union Budget 2026-27

The Union Budget 2026-2027, delivered by Finance Minister Nirmala Sitharaman, represents a structural pivot in the management of India’s marine and blue economy resources. Presented against a backdrop of macroeconomic stability and a projected real GDP growth of $7.4\%$ for the 2025-26 fiscal year, the budget serves as a blueprint
New Horizons: India’s Diplomatic Triumph Unlocks EU and Russian Seafood Markets

New Horizons: India’s Diplomatic Triumph Unlocks EU and Russian Seafood Markets

In a significant triumph for its “multi-alignment” foreign policy, India is poised to dramatically expand its seafood exports to the European Union and Russia, providing a crucial buffer against trade headwinds from the United States. This strategic pivot, the result of persistent diplomatic efforts, signals a new era of opportunity
Beyond the Cocktail: Global Shrimp Market Swims Toward a $105 Billion Future – Market Research

Beyond the Cocktail: Global Shrimp Market Swims Toward a $105 Billion Future – Market Research

1. Introduction The global shrimp market is in a state of transformation and significant expansion. What was once largely a restaurant luxury or party‐appetiser has now become a mainstream dietary staple across many regions. The shift is being driven by changing consumer preferences, aquaculture advancements, convenience trends, and growing export
Indian Seafood Industry Navigates US Tariff Storm by Tapping New Markets and Value-Added Products

Indian Seafood Industry Navigates US Tariff Storm by Tapping New Markets and Value-Added Products

In response to a significant tariff increase by the United States, India’s seafood sector is strategically pivoting towards new Asian markets and focusing on product innovation to counter the financial blow. Industry leaders and policymakers are advocating for a multi-pronged approach to maintain export growth amidst growing economic pressures.The challenge
Seafood Surge: India Poised for a Golden Year as European Appetites and Global Trade Winds Turn Favourable

Seafood Surge: India Poised for a Golden Year as European Appetites and Global Trade Winds Turn Favourable

As the Hindu lunar year Samvat 2082 dawns, one of India’s leading integrated aquaculture and seafood enterprises, Kings Infra Ventures Limited, is painting a vibrant and optimistic picture for the nation’s seafood industry. A confluence of burgeoning European demand, promising resolutions to international trade disputes, and strong domestic expansion signals
Riding the Wave: How Indian Seafood Conquered Global Markets Amidst US Sanctions

Riding the Wave: How Indian Seafood Conquered Global Markets Amidst US Sanctions

In a stunning display of economic resilience and strategic market diversification, India’s seafood export industry has navigated the turbulent waters of international trade sanctions, emerging stronger and more profitable. Despite a prohibitive 50% penalty tax imposed by the United States, the sector has charted a remarkable 6% growth, a testament
New Dawn for Indian Seafood: Landmark UK Trade Deal to Unlock a Wave of Exports

New Dawn for Indian Seafood: Landmark UK Trade Deal to Unlock a Wave of Exports

A groundbreaking trade agreement between India and the United Kingdom is set to chart a new, prosperous course for India’s seafood industry, creating significant opportunities for exporters. The India–UK Comprehensive Economic and Trade Agreement (CETA), signed in July of this year, promises to eliminate tariffs on 99% of trade lines,
Indian Seafood Exports Surge Nearly 18% in April, Eyes $18 Billion Target by 2030

Indian Seafood Exports Surge Nearly 18% in April, Eyes $18 Billion Target by 2030

 India’s seafood industry has started the new fiscal year with remarkable strength, recording a sharp 17.81% increase in exports in April 2025, reaching a value of $0.58 billion. This robust performance builds on a record-breaking previous year and signals sustained momentum despite global trade uncertainties. According to data from the
Indian Shrimp Exporters Seek Government Support as US Duty Review Nears, Competition Bites

Indian Shrimp Exporters Seek Government Support as US Duty Review Nears, Competition Bites

 India’s shrimp exporters are anxiously awaiting a crucial review of US anti-dumping and countervailing duties scheduled to begin next month, urging the Indian government to intervene diplomatically to secure relief amidst fierce global competition. Industry experts highlight that existing US duty calculation methods are detrimental to Indian exporters, who are
India Prepares to Ship 35,000-40,000 Tonnes of Shrimp to US Amid Tariff Relief

India Prepares to Ship 35,000-40,000 Tonnes of Shrimp to US Amid Tariff Relief

India’s seafood exporters are gearing up to send 35,000 to 40,000 tonnes of shrimp to the United States after US President Donald Trump’s decision to pause a planned 26% reciprocal tariff, reducing it to 10%. This move has brought significant relief to the industry, which had been bracing for substantial
Indian Shrimp Exporters Face ₹600 Crore Loss as US Imposes Additional Tariffs

Indian Shrimp Exporters Face ₹600 Crore Loss as US Imposes Additional Tariffs

The recent imposition of a 26% tariff on Indian shrimp exports to the United States has sent shockwaves through India’s seafood industry. With the financial impact of these tariffs estimated at a staggering ₹600 crore, Indian shrimp exporters are grappling with the looming consequences of the US’s decision. This move,
Ecuador Set to Replace India as Largest Shrimp Supplier to the US Amid Tariff Disputes

Ecuador Set to Replace India as Largest Shrimp Supplier to the US Amid Tariff Disputes

In a dramatic shift in the global seafood supply chain, Ecuador is poised to become the largest shrimp supplier to the United States, surpassing India. This change comes on the heels of new US tariffs imposed on Indian seafood, including a significant 26% levy on shrimp, which has created a
Indian Seafood Exports Reel Under US Tariffs: Shrimp Industry Faces Crisis

Indian Seafood Exports Reel Under US Tariffs: Shrimp Industry Faces Crisis

In a move that has sent shockwaves through the seafood industry, the United States has announced reciprocal tariffs on seafood imports from India, specifically targeting shrimp and a range of other marine products. This bold decision, which follows months of trade tensions, has raised questions about the future of global
Global Tuna Stocks Surge in Sustainability: Insights from the March 2025 ISSF Report

Global Tuna Stocks Surge in Sustainability: Insights from the March 2025 ISSF Report

The latest report from the International Seafood Sustainability Foundation (ISSF), released in March 2025, highlights significant strides in the sustainability of global tuna stocks. This update is crucial for understanding the health of tuna fisheries, which are vital for food security and economic stability worldwide. Below, we explore the key
Week 13 Shrimp Price Trends: India Gains Momentum as Vietnam Struggles

Week 13 Shrimp Price Trends: India Gains Momentum as Vietnam Struggles

The global shrimp market remains a dynamic landscape, with Week 13 of 2025 highlighting stark contrasts between two of Asia’s shrimp production powerhouses: India and Vietnam. As reported by Undercurrent News on March 25, 2025, farm-gate shrimp prices in India surged, driven by supply shortages and robust demand, while Vietnam
Indian Seafood Industry Urges Government to Remove 30% Duty on US Shrimp Imports

Indian Seafood Industry Urges Government to Remove 30% Duty on US Shrimp Imports

India’s seafood exporters have launched an urgent appeal for the waiver of a 30% customs duty on shrimp imports from the United States, expressing deep concern that the existing tariff could trigger retaliatory measures from America, potentially damaging India’s dominant position in the global shrimp market. Industry Concerns Over Potential
Can India’s Deep-Sea Fishing Boom Drive ₹1 Lakh Crore in Seafood Exports by 2030? A detailed analysis.

Can India’s Deep-Sea Fishing Boom Drive ₹1 Lakh Crore in Seafood Exports by 2030? A detailed analysis.

India’s deep-sea fishing initiative has the potential to help achieve the ambitious target of ₹1 lakh crore in seafood exports by 2030, but it’s not guaranteed. Currently, seafood exports stand at ₹60,523 crore, and reaching ₹1 lakh crore means increasing by about ₹39,477 crore over five years. This is a
Commerce Minister Piyush Goyal Visits MPEDA, Addresses Seafood Sector Challenges

Commerce Minister Piyush Goyal Visits MPEDA, Addresses Seafood Sector Challenges

KOCHI, Feb 21, 2025 – Union Minister for Commerce and Industry, Piyush Goyal, visited the Marine Products Export Development Authority (MPEDA) headquarters in Kochi today, engaging with key stakeholders from India’s seafood industry.During his visit, Minister Goyal held review meetings with officials from the Rubber Board, Spices Board, and MPEDA,
Navigating the Regulatory Seas: Challenges and Compliance Issues in India’s Seafood Industry

Navigating the Regulatory Seas: Challenges and Compliance Issues in India’s Seafood Industry

Explore the key challenges and compliance issues faced by India’s seafood industry, including export regulations, sustainability demands, financial strain on fishers, and environmental compliance concerns.
The Complex Landscape of India-US Shrimp Trade: Navigating Tariffs, Duties, and Diplomatic Challenges

The Complex Landscape of India-US Shrimp Trade: Navigating Tariffs, Duties, and Diplomatic Challenges

Introduction: A Delicate Trade Ecosystem The shrimp export corridor between India and the United States represents a complex interplay of economic interests, trade policies, and diplomatic negotiations. Far from being a straightforward commercial relationship, it is characterized by intricate regulatory mechanisms, protective measures, and ongoing strategic assessments. Historical Context and
India’s Culinary Exports Soar: Seafood and Wine Take Center Stage on Global Platform

India’s Culinary Exports Soar: Seafood and Wine Take Center Stage on Global Platform

In a remarkable display of India’s growing international trade prowess, the country has witnessed a significant surge in seafood and wine exports, showcasing its culinary excellence on the global stage. The Ministry of Commerce and Industry revealed impressive statistics that highlight the nation’s expanding agricultural and marine product sectors. At
Uttarakhand Shines: Awarded Best State for Fisheries Development in India

Uttarakhand Shines: Awarded Best State for Fisheries Development in India

Uttarakhand, often celebrated for its breathtaking landscapes and rich biodiversity, has recently added another feather to its cap by winning the prestigious Best State Award in Fisheries Development. This recognition not only highlights the state’s successful aquaculture initiatives but also emphasizes its commitment to sustainable practices, community engagement, and innovative
Goan Fisher Leader Olencio Seminoes Criticizes Central Government Over Sagarmala Project at Global Forum

Goan Fisher Leader Olencio Seminoes Criticizes Central Government Over Sagarmala Project at Global Forum

In a strong condemnation, Goan fisher leader Olencio Seminoes has vehemently criticized the Indian central government for its handling of the Sagarmala project, a massive port development initiative aimed at modernizing India’s ports. Seminoes voiced his concerns at a global forum for fisher people held in Brazil, where he represented
GSA Unveils Seafood Processing Standard 6.0: A New Era in Global Seafood Safety and Sustainability

GSA Unveils Seafood Processing Standard 6.0: A New Era in Global Seafood Safety and Sustainability

The Global Seafood Alliance (GSA) has made a significant milestone in the seafood industry with the official release of the Seafood Processing Standard (SPS) version 6.0. This latest iteration is designed to meet the stringent requirements of the Global Food Safety Initiative (GFSI) and marks a substantial advancement in ensuring
India’s Frozen Shrimp Exports Under Threat: US CVD Imposes Significant Challenges

India’s Frozen Shrimp Exports Under Threat: US CVD Imposes Significant Challenges

The Indian seafood industry, particularly the frozen shrimp export sector, is facing a significant hurdle as the United States has imposed hefty countervailing duties (CVD) on imports from India. This development threatens to disrupt the lucrative trade relationship between the two countries and has the potential to impact livelihoods of
Revitalizing India’s Seaweed Industry: New Guidelines for Importing Live Seaweeds

Revitalizing India’s Seaweed Industry: New Guidelines for Importing Live Seaweeds

In a pivotal move to enhance the development of seaweed enterprises, the Ministry of Fisheries, Animal Husbandry and Dairying has notified the ‘Guidelines for Import of Live Seaweeds into India’. This initiative is designed to bolster the economic prospects of coastal villages, ensure livelihood sustainability for the fisher community, and
US Import Ban on Indian Wild-Caught Shrimp: A $500 Million Loss and Its Impact on Fishermen’s Livelihoods

US Import Ban on Indian Wild-Caught Shrimp: A $500 Million Loss and Its Impact on Fishermen’s Livelihoods

The United States has imposed a ban on the import of wild-caught shrimp from India, citing concerns over the use of turtle excluder devices (TEDs) in Indian fishing vessels. This move has resulted in a significant loss of approximately $500 million for the Indian seafood industry, with far-reaching consequences for
Goa’s Seafood Exports Decline by 14% Amid Global Challenges and Shifting Consumer Preferences

Goa’s Seafood Exports Decline by 14% Amid Global Challenges and Shifting Consumer Preferences

Panaji: Goa’s seafood exports, which had been on a steady rise over the past five years, faced a significant setback in the 2023-24 fiscal year, with a 14% decline in export volumes. After reaching a peak of 63,333 tonnes worth ₹1,00,761 lakh in 2022-23, the export figures dropped to 55,167
Kerala’s Shrimp Export Crisis Deepens as Japan Cuts Imports: Implications for the Industry and Farmers

Kerala’s Shrimp Export Crisis Deepens as Japan Cuts Imports: Implications for the Industry and Farmers

The shrimp export crisis in Kerala has reached a critical juncture following Japan’s recent decision to significantly reduce its imports of Indian shrimp. This development poses serious challenges for the state’s aquaculture sector, especially in the context of its dependence on the Japanese market, which has historically been a key
Indian Shrimp Industry Fights Back Against Allegations, Seeks Government Support

Indian Shrimp Industry Fights Back Against Allegations, Seeks Government Support

Indian shrimp exporters are facing accusations from a foreign lobby that their products are contaminated and produced using forced labor. This lobby is targeting the lucrative US market, where India has a 40% market share. The accusations stem from allegations by a former employee of a Kerala-based shrimp processing company,
India Aims to Double Seafood Exports in Two Years, Debunking Safety Concerns

India Aims to Double Seafood Exports in Two Years, Debunking Safety Concerns

A senior Indian government official has outlined ambitious plans to significantly boost the country’s seafood export industry. The goal is to reach Rs 1 lakh crore (approximately $12.5 billion) within the next two years. This strategy hinges on increasing processing capacity and transitioning to higher value-added seafood products. The official,
A Heartfelt Dive into India’s Shrimp Saga: Crafting a Future Where Everyone Wins

A Heartfelt Dive into India’s Shrimp Saga: Crafting a Future Where Everyone Wins

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
Shrimp Sinking: What’s Causing the Industry Downturn?

Shrimp Sinking: What’s Causing the Industry Downturn?

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
Indian seafood exporters benefit from rupee settlement with Russia

Indian seafood exporters benefit from rupee settlement with Russia

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),
High Hopes for High Seas: Can Infrastructure Investment and Seafood Boost India’s Exports

High Hopes for High Seas: Can Infrastructure Investment and Seafood Boost India’s Exports

India’s export scene faces a tough challenge with a recent 5.7% dip in merchandise exports. However, amidst the decline, a glimmer of hope emerges from two key areas: high capital expenditure (capex) and a focus on boosting seafood exports. Let’s dive into the details and see if these strategies can
Navigating the Blue Wave: A Deep Dive into India’s Seafood Sector and the Top 5 Stocks Poised for Exponential Growth

Navigating the Blue Wave: A Deep Dive into India’s Seafood Sector and the Top 5 Stocks Poised for Exponential Growth

Introduction:India, blessed with an extensive coastline and thriving river environments, has emerged as the world’s third-largest seafood-producing nation, capturing global markets with its quality seafood. The recent surge in seafood exports, reaching an all-time high of US$8.09 billion in the financial year 2022-23, has catapulted the sector into the spotlight.
Shrimp Boom: Indian Seafood Swims Upstream as Exports Dive

Shrimp Boom: Indian Seafood Swims Upstream as Exports Dive

While global economic woes dampen seafood exports, India’s domestic market is experiencing a delightful catch. Premium companies are diving in, lured by the rising demand for succulent shrimp, squid, lobster, and seer fish. This shift presents a unique opportunity to transform the largely unorganized Indian seafood industry and establish the
Asian Seafood in Limbo: India’s Onion Export Ban Hurts Beloved Dishes

Asian Seafood in Limbo: India’s Onion Export Ban Hurts Beloved Dishes

Across Asia, beloved seafood dishes are losing their spice due to India’s unexpected ban on onion exports. From Bangladesh’s fragrant biryanis to Sri Lanka’s fiery fish curries, the humble onion, usually sourced from India, is now shrouded in uncertainty. The sudden export halt, spurred by a domestic price hike, has
Indian Seafood Giant Captain Fresh Prepares to Reel in Europe and America: Salmon Processor and Shrimp Importer Acquisitions on the Hook

Indian Seafood Giant Captain Fresh Prepares to Reel in Europe and America: Salmon Processor and Shrimp Importer Acquisitions on the Hook

Forget whale watching, the Indian seafood industry is preparing to make some serious waves of its own. Venture capital-backed Captain Fresh, a rising star in the sector, is casting its net across two continents, with potential acquisitions of a European salmon processing plant and a US shrimp importer simmering. Europe’s
Global Shrimp Council Sets Sail for US Shores: Nine Countries, 20 Companies Aim to Hook American Hearts (and Plates)

Global Shrimp Council Sets Sail for US Shores: Nine Countries, 20 Companies Aim to Hook American Hearts (and Plates)

A new force has risen in the world of shrimp: the Global Shrimp Council (GSC), a powerful alliance of nine countries and 20 companies with their sights firmly set on conquering the American market. This ambitious initiative, spearheaded by America’s National Fisheries Institute (NFI), is more than just a marketing
US Investigates Indian Shrimp Exports, Threatening Tariffs and Hurting Exporters

US Investigates Indian Shrimp Exports, Threatening Tariffs and Hurting Exporters

The United States is currently investigating claims that Indian shrimp exports are being subsidized by the Indian government. This has raised concerns among Indian shrimp exporters and fishermen, who fear that the US will impose tariffs on Indian shrimp, making it more expensive in the US market and hurting their
Kerala based Startup Launches Digital Platform for Decentralized Finance in Seafood Exports

Kerala based Startup Launches Digital Platform for Decentralized Finance in Seafood Exports

Breaking Barriers for Seafood Exporters: A New Wave of Decentralized Finance A revolutionary digital platform, Renai.IO, is poised to disrupt the seafood export industry by offering a decentralized finance (DeFi) solution for exporters seeking cheaper and easier access to funding. This Kerala-based startup, led by entrepreneur Avira Tharakan, promises to
Indian Expat’s Innovative Research Paves the Way for Greener Seafood Exports

Indian Expat’s Innovative Research Paves the Way for Greener Seafood Exports

From Sea to Sustainability: Ajith PJ’s Research Paves the Way for Greener Seafood Exports A transformative wave is cresting in the maritime industry, driven by the innovative research of Indian expat Ajith PJ. His doctoral research, focused on measuring energy efficiency and reducing carbon emissions in offshore support vessels, has
Rupee Hits Record Low, But Exporters Remain Unfazed

Rupee Hits Record Low, But Exporters Remain Unfazed

The Indian rupee has been on a downward spiral in recent months, hitting record lows against the US dollar. However, despite this seemingly favorable development for exporters, many in the industry are not celebrating. Why Aren’t Exporters Cheering? There are a number of reasons why exporters are not feeling the
8 Reasons Why Frozen Seafood from India Stands Out

8 Reasons Why Frozen Seafood from India Stands Out

India’s frozen seafood exports have earned a reputation for quality, sustainability, and culinary excellence, making them a preferred choice among seafood enthusiasts worldwide. Here are eight compelling reasons why frozen seafood from India surpasses that from other countries: 1. Rich Biodiversity: India’s coastal waters are teeming with a vast array
A Comprehensive Guide to Seafood Export Registration in India

A Comprehensive Guide to Seafood Export Registration in India

The Indian seafood industry, a significant contributor to the country’s economy, offers immense potential for aspiring exporters. However, the process of registering as a seafood exporter in India can seem daunting, especially for those new to the industry. This comprehensive guide aims to demystify the registration process, providing step-by-step instructions
Andhra Pradesh’s Seafood Export Barriers: A Cold Chain Conundrum

Andhra Pradesh’s Seafood Export Barriers: A Cold Chain Conundrum

Andhra Pradesh, a coastal state in eastern India, stands as a beacon of aquaculture, boasting a thriving seafood industry that contributes significantly to the state’s economy. However, despite its abundant seafood resources and growing production capacity, Andhra Pradesh’s export aspirations are hindered by a critical bottleneck – the lack of
Anti-Dumping and Countervailing Duties: A Looming Threat to Indian Shrimp Exports to the United States

Anti-Dumping and Countervailing Duties: A Looming Threat to Indian Shrimp Exports to the United States

The Indian shrimp industry, a vital sector contributing to the country’s economy, faces a potential storm due to anti-dumping and countervailing duty (CVD) petitions filed against imports of frozen warmwater shrimp from Ecuador, India, Indonesia, and Vietnam. These petitions, filed with the United States Department of Commerce (DOC) and the
Can Shrimp Ride the Avocado Wave? Exploring the Potential of a Targeted Marketing Campaign

Can Shrimp Ride the Avocado Wave? Exploring the Potential of a Targeted Marketing Campaign

For decades, avocados have enjoyed a meteoric rise in popularity, transforming from a niche fruit to a ubiquitous symbol of healthy living and culinary delight. But can shrimp, a staple in many cultures and a valuable economic resource, replicate this success story? This question lies at the heart of a
Transforming India’s Seafood Industry: A Blueprint for Innovation and Growth

Transforming India’s Seafood Industry: A Blueprint for Innovation and Growth

India’s seafood industry is poised for a revolution, driven by a strategic shift towards public-private partnerships in research, development, and technology transfer.** This progressive move, spearheaded by the Indian Council of Agricultural Research (ICAR), aims to diversify aquaculture technologies and meet evolving market demands. With the ambitious goal of exceeding
Market Research: Seafood Export Projections from India to the UK (2024-2030)

Market Research: Seafood Export Projections from India to the UK (2024-2030)

Executive Summary: This report analyzes the potential for seafood exports from India to the UK over the period 2024-2030. It identifies key market trends, opportunities, and challenges, providing valuable insights for businesses and stakeholders in both countries. Market Overview: Market Drivers: Current Product Mix: The major types of seafood products
Market Research on Value-Added Seafood Exports from India to the US (2020-2025)

Market Research on Value-Added Seafood Exports from India to the US (2020-2025)

Executive Summary: This report explores the current state and future prospects of India’s value-added seafood exports to the US market, covering the period 2020-2025. It analyzes key trends, challenges, and opportunities in this dynamic market, providing valuable insights for stakeholders across the seafood value chain. 1. Market Size and Trends:
Market Research on Shrimp Exports from India to the US (2020-2025)

Market Research on Shrimp Exports from India to the US (2020-2025)

Executive Summary: The Indian shrimp export market to the US has witnessed steady growth over the past five years, driven by factors such as rising demand for seafood in the US, competitive pricing of Indian shrimp, and trade agreements between the two countries. This report examines the market trends, challenges,
Global Shrimp Suppliers Face Uncertain Future in 2024 as Oversupply Persists

Global Shrimp Suppliers Face Uncertain Future in 2024 as Oversupply Persists

The global shrimp industry is expected to face a challenging year in 2024, with oversupply continuing to be a major concern. Rabobank analysts predict that global shrimp production will remain flat at around 3.9 million metric tons, while demand is expected to grow only marginally. This imbalance is likely to
India’s Shrimp Industry Navigates Turbulent Waters Amidst Production Woes and Price Challenges

India’s Shrimp Industry Navigates Turbulent Waters Amidst Production Woes and Price Challenges

India’s shrimp industry, once a thriving sector contributing significantly to the country’s seafood exports, is currently grappling with a multitude of challenges that threaten its sustainability. The high costs of production, coupled with depressed shrimp prices, have left many shrimp farmers struggling to stay afloat. The escalating costs of feed,
India’s Seafood Export Target for FY24: Unlikely to Be Met

India’s Seafood Export Target for FY24: Unlikely to Be Met

India’s seafood export target for FY24 is unlikely to be met due to several factors, including tepid buying from key markets such as the US, China, Japan, and Europe. Additionally, there is weak demand for peeled frozen products in the US retail market. Exporters do not see any substantial improvement
India Aims for USD 1.6 Billion Boost in Value-Added Seafood Production by 2030

India Aims for USD 1.6 Billion Boost in Value-Added Seafood Production by 2030

India’s Marine Products Exports Development Authority (MPEDA) is embarking on an ambitious plan to double the country’s value-added seafood production, targeting a 20 percent increase by 2030. Recognizing the heightened demand for value-added seafood in key markets such as the U.S., E.U., Japan, and Asia, MPEDA Chairman D V Swamy
Global Shrimp Prices Stabilize at Unsustainable Levels, Putting Farmers Under Pressure

Global Shrimp Prices Stabilize at Unsustainable Levels, Putting Farmers Under Pressure

The global shrimp market is facing a challenging situation as prices stabilize at “unfavorably low levels,” leading to financial hardships for many farmers. This trend is particularly evident in India, where raw vannamei exports averaged USD 6.32 (EUR 5.80) per kilo in September, marking a significant decline from USD 7.54
India’s Exports Soar: Nordic-Baltic Region Emerges as Key Market with 39% Growth in 5 Years

India’s Exports Soar: Nordic-Baltic Region Emerges as Key Market with 39% Growth in 5 Years

In a notable surge, India’s exports to the Nordic-Baltic region have witnessed a remarkable 39% increase from 2018-19 to 2022-23, according to Union Commerce Minister Shri Piyush Goyal. Addressing the CII India Nordic-Baltic Business Conclave 2023 in New Delhi, Goyal welcomed companies from the Nordic-Baltic region to invest in India,
India’s Shrimp Exports Maintain Strong Momentum in Q3 2023

India’s Shrimp Exports Maintain Strong Momentum in Q3 2023

India's shrimp export sector continues to defy expectations, registering a 6% increase in Q3 2023 compared to the same period in 2022. Strong demand from key markets, coupled with enhanced quality and sustainability measures, has fueled this growth.
“Chinese Ambassador Boosts Ties in Sri Lanka’s Northern Province, Pledges Support for Seafood Exports

“Chinese Ambassador Boosts Ties in Sri Lanka’s Northern Province, Pledges Support for Seafood Exports

The Chinese Ambassador to Sri Lanka, Qi Zhenhong, made a significant visit to the country’s Northern province, bordering the South Indian state of Tamil Nadu, extending invitations for locals to export seafood to China. In a diplomatic move, Beijing assured that it would not export any fisheries products to the
Indian and Ecuadorian Shrimp Suppliers Face Mounting Pressure in Chinese Market

Indian and Ecuadorian Shrimp Suppliers Face Mounting Pressure in Chinese Market

Indian and Ecuadorian shrimp suppliers are facing a confluence of challenges in the Chinese market, leading to financial losses and heightened uncertainty for their businesses. Already grappling with low shrimp prices and a demanding market environment, these exporters encountered further setbacks at the China Fisheries and Seafood Expo (CFSE) in
Riding the Waves: US Shrimp Imports Poised to Surge After Over a Year Underwater

Riding the Waves: US Shrimp Imports Poised to Surge After Over a Year Underwater

American shrimp aficionados rejoice - there is light at the end of the tunnel after over a year of shrinking shrimp supplies. New data from the National Oceanic and Atmospheric Administration (NOAA) suggests shrimp import volumes into the United States have posted year-over-year increases for three months straight.
Compliance with US Marine Mammal Protection Act: A Critical Factor for India’s Seafood Exports

Compliance with US Marine Mammal Protection Act: A Critical Factor for India’s Seafood Exports

India's seafood export industry is facing a significant challenge due to its need to adhere to the strict regulations of the US Marine Mammal Protection Act (MMPA). This act prohibits the intentional killing of marine mammals in commercial fisheries, a requirement that has far-reaching implications for India's seafood sector.
Securing Sustainable Seafood Exports: Marine Mammal Conservation Takes Center Stage

Securing Sustainable Seafood Exports: Marine Mammal Conservation Takes Center Stage

The inextricable link between marine mammal conservation and India's seafood export industry was underscored at a recent workshop held at the 16th Agricultural Science Congress (ASC). Experts highlighted the importance of adhering to the US Marine Mammal Protection Act (MMPA), which mandates the protection of marine mammals during commercial fishing
India’s Shrimp Exports Face Potential Disruption as US Senator Proposes Stiff Tariffs

India’s Shrimp Exports Face Potential Disruption as US Senator Proposes Stiff Tariffs

The Indian seafood industry is facing a potential storm as a US senator has proposed imposing steep tariffs on shrimp imports from India. The proposed India Shrimp Tariff Act, introduced by Louisiana Senator Bill Cassidy, aims to levy duties of 10%, 20%, and eventually 40% on Indian shrimp imports, effectively
Opportunity Knocks: Indian Aquaculture Stocks Soar as China Halts Japanese Imports

Opportunity Knocks: Indian Aquaculture Stocks Soar as China Halts Japanese Imports

The recent decision by China to halt imports of all aquatic products from Japan has sent shockwaves through the global seafood industry, creating ripples of uncertainty and opportunity. Indian aquaculture stocks, in particular, have experienced a surge in value as investors anticipate a rise in demand for Indian seafood products
Indian Seafood Industry Faces Slump Amidst Global Shrimp Market Challenges

Indian Seafood Industry Faces Slump Amidst Global Shrimp Market Challenges

The Indian seafood industry, which recently achieved a record $8 billion export in FY23, is now facing a slump due to a combination of factors, including tepid global demand for shrimp, falling prices, and excess shrimp stocks. This downturn has raised concerns among industry experts and exporters, who fear a
India’s Seafood Exports: A Voyage of Growth and Transformation in the Global Arena

India’s Seafood Exports: A Voyage of Growth and Transformation in the Global Arena

India's seafood industry has emerged as a global powerhouse, achieving an all-time high in both volume and value of exports during the financial year 2022-23. This remarkable milestone reflects the industry's resilience, innovation, and unwavering commitment to quality and sustainability. This article delves into the intricacies of India's seafood exports,
Unleashing India’s Aquaculture Potential: A Call for Expansion and Ecosystem Enhancement

Unleashing India’s Aquaculture Potential: A Call for Expansion and Ecosystem Enhancement

The Indian seafood industry, valued at over $8 billion, has reiterated its demand for increased aquaculture area and the creation of a conducive ecosystem to foster sustainable growth. This call for expansion highlights the industry's recognition of aquaculture's potential to enhance India's position as a global seafood leader.
Indian Seafood Industry Adapts to Market Challenges with Alternative Export Strategies

Indian Seafood Industry Adapts to Market Challenges with Alternative Export Strategies

Facing setbacks in the US market, its largest export destination, India's seafood industry is charting a new course to achieve its ambitious target of $14 billion in exports by 2025. The industry is exploring alternative strategies that involve diversifying export markets, focusing on value-added products, and leveraging free trade agreements
Qatar Lifts Ban on Frozen Seafood from India, Paving the Way for Enhanced Trade Relations

Qatar Lifts Ban on Frozen Seafood from India, Paving the Way for Enhanced Trade Relations

In a significant development, Qatar has lifted its temporary ban on the import of frozen seafood from India, opening doors for increased exports and strengthened bilateral ties between the two nations. This decision comes as a welcome relief for Indian seafood exporters, who have been working tirelessly to resolve the
China Lifts Ban of Seafood Exports from India, Boosting Trade Ties

China Lifts Ban of Seafood Exports from India, Boosting Trade Ties

In a significant development that will provide a much-needed boost to India's seafood exports, China has lifted the suspension of shipments from 99 Indian seafood processing and exporting units. This decision comes as a result of India's assurances over source control measures and the sustained efforts of the Marine Products