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
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
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
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.
Marine Aquaculture Market Set for Significant Growth: Projected to Reach USD 300 Billion by 2032
The marine aquaculture market, encompassing the cultivation of marine organisms in oceanic or enclosed seawater systems, is on the brink of substantial growth. According to recent projections, the market is expected to grow from approximately USD 176.8 billion in 2024 to an impressive USD 300 billion by 2032, achieving a
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
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
Canned Sardines: A Surprisingly Lucrative Bite-Sized Business Boom
Move over tuna, there’s a new king of the canned fish aisle, and it’s swimming in a wave of popularity. The humble sardine, packed with nutrients and flavor, is experiencing a surge in demand, turning the canned sardine market into a surprisingly lucrative business opportunity. According to a recent study
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,
US Imposes Potential Countervailing Duties on Shrimp Imports from Ecuador, India, and Vietnam
The US shrimp industry has received a boost as the Department of Commerce (DOC) announced preliminary countervailing duties on shrimp imports from Ecuador, India, and Vietnam. These duties are meant to offset any unfair advantage these countries might have gained from government subsidies. The Findings: The DOC determined that shrimp
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
India Casts its Net Wider: Budget Boosts Booming Aquaculture Industry
India’s vast coastline and thriving seafood industry have long been an anchor of the nation’s economy. Now, with a focus on boosting aquaculture and exports, the recent budget has cast a wider net, promising calmer waters and a brighter future for the sector. A Thriving Catch: India’s Aquaculture Prowess As
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
From Humble Fillet to Culinary Star: Unveiling the Wonders of Indian Surimi
Imagine a seafood haven where affordability and sustainability dance hand-in-hand, where texture mimics the ocean’s bounty and versatility knows no bounds. This isn’t a mythical Atlantis, but the captivating reality of Indian Surimi seafood, a revolutionary force transforming the industry. Surimi, the Japanese term for “minced meat,” is no mere
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
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
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)
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,
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
PMMSY: Transforming the Indian Fisheries Sector
A Big Leap for Indian Fisheries In 2020, the Indian fisheries sector was poised for a major transformation, thanks to the reforms initiated by Prime Minister Narendra Modi. Recognizing the immense potential of the Blue Economy, Modi launched a series of initiatives to systematically develop the sector, including the creation
Bengaluru’s Ornamental Fisheries Market Flourishes with Rs 100 Crore Monthly Revenue
Bengaluru’s ornamental fisheries market is experiencing a robust surge, contributing to an impressive monthly revenue of approximately Rs 100 crore, as revealed by the Fisheries Research and Information Centre. Dr. Chethan N, a Fisheries Scientist at Karnataka Animal and Fisheries Sciences University (KAFSU), noted a significant 15-20 percent growth in
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.
Navigating the Seafood Seascape: Technology’s Transformative Voyage in India’s Seafood Retail Industry
Technology has revolutionized the seafood retail industry in India, impacting how seafood is sourced, distributed, marketed, and consumed. Technological advancements have enhanced supply chain transparency, traceability, and efficiency through blockchain technology and IoT devices. E-commerce and online marketplaces have expanded consumer access to a wider variety of seafood products. Mobile
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.
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
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 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,