“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
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
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.
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
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 trading platform Captain Fresh Bolsters European Presence with Ex-Amazon Executive
Indian seafood trading platform Captain Fresh is making a bold move to expand its reach in Europe by appointing Basola Valles as CEO of its European operations. Based in Madrid, Valles will spearhead the company's efforts to broaden its buying base beyond India and establish a strong presence in the
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
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