Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Hyderabad: Seafood exporters fear stock pile up.


Date: 23-03-2020
Subject: Hyderabad: Seafood exporters fear stock pile up
HYDERABAD: With exports to US, UK, China, and other eastern countries affected due to Covid-19, the seafood industry fears piling up of stocks. 

“Around 25% of shrimp exports are to China and there is a significant fall in demand. This has already led to oversupply of shrimp in the Indian market,” a senior official from Seafood Exporters Association of India told TOI. “One of the major reasons for this is also because Chinese markets were not able to sell their inventory during the holidays and so they are not accepting new orders,” he added. 

Seafood exporters in Telangana and Andhra Pradesh have informed that soorai (tuna), seerfish, kerai (yellow tuna), mayil (sailfish), cuttlefish, sardines, shrimp, silver, freshwater prawns, white leg shrimp, Tilapia, and black pomphret have seen a dipping demand in European markets which account for almost 20% of Indian exports. 

“Most of the seafood consuming countries in the middle east and Europe like Italy, Spain, Greece, Portugal, and France have stopped imports and we are asked to stop sending shipments till the situation gets better,” an official from Usha Seafood in Kakinada told TOI. 

Source:- timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+




Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001