India Ramps Up Shrimp Exports to US, Japan .

Indian seafood exports increased 15.4% in rupee terms and 21.5% in dollar terms during the April to October period on the strength of higher demand for shrimp from the US and Japan.

Improved exports of squid to the EU markets have also contributed to the performance of the seafood export sector during this period.

The country’s total exports increased 3.5% to 370,737 tonnes during the seven-month period. The higher value realisation was attributed to increased exports of high-value items like shrimp.

Shrimp exports, which make up half the total value of India’s seafood exports, increased 27.2% in rupee terms and 34% in dollar terms during the period.

According to the Seafood Exporters Association of India (SEAI), there was greater vannamei shrimp production and higher black tiger prawn landings, as well as stronger demand from the US and Japan for these products.

SEAI said US imports from countries like India are higher due to the oil spill in the Gulf of Mexico in April.

In quantity terms, the increase in India’s shrimp exports was around 8.1%.

Squid landings were much higher this year in Kollam, Kochi and Mangalore ports.

As a result, squid exports have been higher this year with the quantity of exports showing a 69.2% rise. In rupee value, the upswing was 87.5% while in dollar terms it was 99.3%.

The volume of exports to the US increased by 44% while earnings in rupee value grew 86.4%. The increase in dollar value was higher at 96.3%.

India expects the US demand to continue for some time.

Source : worldfishing.net