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),
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
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
Women Hold the Key: Empowering Them for Sustainable Seas and Thriving Fisheries
The delicate balance of marine ecology and the future of small-scale fisheries hinge on one crucial factor: women’s empowerment. This powerful message resonated from a recent virtual regional dialogue, where experts from Bangladesh, India, Thailand, and Sri Lanka shed light on the critical role women play in these sectors and
Bangladesh Sets Sail for Deep-Sea Tuna: Unlocking Riches of the Bay of Bengal
For decades, Bangladesh’s fishing nets have skimmed the surface of the Bay of Bengal, harvesting resources within its 24,000 sq. km. exclusive economic zone (EEZ). But in February 2024, a new chapter will begin, as the Department of Fisheries embarks on a trial deep-sea tuna fishing project, venturing into unexplored
Saudi Arabia and China Dive into Deeper Aquaculture Cooperation
Saudi Arabia and China are poised to strengthen their ties in the aquaculture sector, with recent discussions at the Global Investment Promotion Conference in Shenzhen, China, paving the way for increased investment and collaboration. Representatives from Saudi Arabia’s Ministry of Environment, Water, and Agriculture met with over 60 specialized Chinese
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
Pacific Tuna Fisheries Score Sustainable Wins at WCPFC Meeting, But WWF Calls for More Action
The Western and Central Pacific Fisheries Commission (WCPFC) wrapped up its 20th meeting with a glimmer of hope for the future of Pacific tuna. After marathon negotiations, members agreed on four key measures to improve sustainability: Target reference point for south Pacific albacore: This sets a clear benchmark for managing
Oman-India Fisheries Collaboration Explored in Successful Forum
In a one-day event organized by the Oman Chapter of the Indo-Gulf Middle East Chamber of Commerce (INMECC) in collaboration with the Foreign Investment Committee (FIC) under the Oman Chamber of Commerce and Industry (OCCI), on Sunday ( 10th December 2023), experts from Oman and India gathered to discuss challenges
Trans American Aquaculture Secures Preferred Supplier Status for Shrimp Broodstock in India
Trans American Aquaculture (TAA), a trailblazer in shrimp genetics, is thrilled to announce its official recognition as the preferred broodstock supplier for India’s burgeoning shrimp aquaculture industry. This esteemed accreditation is a testament to TAA’s steadfast commitment to innovation, quality, and sustainable practices in shrimp genetics. Renowned for its history
Peruvian ceviche, an ancient seafood dish, joins UNESCO’s intangible heritage list
Peruvian ceviche, a traditional dish that consists of raw fish or seafood marinated in lime juice, onion, chili peppers, and cilantro, has been recognized by UNESCO as part of the intangible cultural heritage of humanity. The dish, which is served with corn, sweet potato, plantain chips, or corn nuts as
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
Navigating a Changing Seascape: China’s Growing Influence in the Indian Ocean Region
The Indian Ocean Region (IOR) pulsates with economic and strategic significance, linking Asia, Africa, Europe, and Australia. It serves as a crucial waterway for global trade, energy security, and maritime safety. This vast region, encompassing 3.5 million square kilometers and housing approximately 2 billion people, boasts over 1,500 islands, many