Seafood Of India

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 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.
Indian Shrimp Season’s End Triggers Price Drop for Farmers

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 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 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

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
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