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 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 Qingdao last week.
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.
The Seafood Exporters Association of India (SEAI) is spearheading efforts to secure Marine Stewardship Council (MSC) certification for a variety of marine species caught off India’s coast. This move aims to boost the sustainability credentials of Indian seafood and expand its reach in international markets.
seafoodofindia.com
