India Seafood Exports Grow 22%.

According to the Seafood Exporters Association of India (SEAI), the country’s exports yielded $638 million (€485.6 million) during the first four months of FY 2010-11 compared with $517.4 million (€393.9 million) during the same period of the previous fiscal year.

Higher catches in India have helped the trend and led to diminished domestic prices. The only worry of the $2 billion (€1.5 billion) industry, said national SEAI President Anwar Hashim, is the weakening dollar and the consequent lowering of the export realisation.

The Marine Products Export Development Authority (MPEDA) said growing Japanese demand for tiger black shrimp played an important role in the rising exports.

Shrimp exports to the US market have grown despite the fact that the anti-dumping duty increased after the fourth review, said Hashim.

Exports to West and South Asian countries increased 27% during the past year while exports to South East Asian countries soared by 62%.

Exports to Japan have grown despite the country’s very high quality standards, MPEDA said. The first quarter’s export volume rose by 47%, while the value climbed 30%.

As well as black tiger shrimp, India’s exports also include freshwater shrimp, fresh sailfish, frozen versatile fish, frozen skipjack and frozen squid.

Source : worldfishing.net