| Date: |
09-09-2010 |
| Subject: |
Double digit growth for India's fish exports |
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India’s seafood exports grew by about 22% to $170 million (€133.8 million) in July compared to the same month of 2009. The improved results were attributed to increased demand from Japan and the US.
There has been an increase in demand for black tiger shrimp from Japan. Besides, orders are growing from the US market, an official of the Marine Products Export Development Authority (MPEDA) said.
Seafood exports in July 2009 were at $139 million (€109.4 million). Europe accounted for 26% of the country's total seafood exports, followed by Japan (20%) and the US (17%).
During the first four months of the 2010-11 fiscal year, marine exports stood at $638 million (€502.1 million) compared to $517.4 million (€407.2 million) in the same period last fiscal.
MPEDA has set up a target of $2.5 billion (€2 billion) of exports for the current fiscal.
Exports were at $2 billion (€1.6 billion) during 2009-10, up about 12% compared to the previous fiscal.
India's marine exports include black tiger shrimp, freshwater prawn shrimp, fresh sailfish, frozen versatile fish, frozen skip jack and frozen squid.
Source : worldfishing.net
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