From Fields to Ponds: How Shrimp Farming is Reviving Punjab’s Saline Lands
In the heart of India’s Punjab state, far from the coastal shores, a silent revolution is taking place. Farmers, once solely reliant on agriculture, are now embracing an unlikely savior: shrimp farming. This transformation is not driven by a sudden love for seafood but by a desperate need to adapt
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, 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,
MPEDA’s Pioneering Efforts: Revitalizing India’s Shrimp Aquaculture with Black Tiger Shrimp
In recent years, India’s shrimp aquaculture landscape has witnessed a shift, with the traditional black tiger shrimp, once a flagship species, making a remarkable comeback. Despite the dominance of the vannamei shrimp in global production, the black tiger shrimp, scientifically known as Penaeus monodon, is gaining renewed attention, thanks to
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 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.
Indian Shrimp Season’s End Triggers Price Drop for Farmers
As the Indian shrimp season draws to a close, the second crop's tail-end mass harvests have resulted in a sharp price drop for farmers, mirroring the lowest pre-Christmas peak in five years. This decline in prices is a recurring pattern, coinciding with the end of the season when an influx
Veteran Shrimp Farmer Sees Bright Future for Domestic Market
Veteran shrimp farmer Manoj Sharma is confident that India's domestic market can absorb up to 50% of the nation's shrimp supply by 2030. He is actively promoting domestic shrimp consumption by opening new restaurants and educating consumers about the nutritional value and culinary versatility of shrimp.
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
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