seafood exports: India’s seafood exports rise 15% to $1.99 billion in June quarter: Official

India’s seafood exports rose 15 per cent on-year to USD 1.99 billion within the first quarter ended June 2022, a senior official mentioned on Friday. “In 2021-22, complete exports have been 7.76 billion, a bounce of 30 per cent over FY21,” Marine Merchandise Export Growth Authority (MPEDA) Chairman Ok N Raghavan mentioned.

He was right here to take part in a roadshow for the India Worldwide Seafood Present 2023 to be held in Kolkata on February 15-17, 2023, after a niche of 16 years.

The official mentioned seafood shipments to Europe are anticipated to extend within the years to return, with the probably easing of sure curbs imposed by the European Union.

Europe contributes about 15 per cent of the entire exports on this phase.

“An EU audit is slated quickly, following which the embargo on registering new items is predicted to be lifted,” Raghavan mentioned.

India faces embargoes associated to residue antibiotic traces in shrimp export consignments, proscribing shipments of marine merchandise to the European market.

The Indian authorities has been taking a number of measures to beat the issue by direct intervention and dialogues, mentioned Seafood Exporters Affiliation of India President Jagdeesh Fofandi, who was additionally current on the occasion.

He mentioned the federal government is aiming at doubling marine exports by 2025.

Frozen shrimp remained India’s main export merchandise when it comes to amount and worth in 2021-22, accounting for a share of 53 per cent in amount and 75 per cent of the entire income, as per authorities information.

The US is the biggest market with a 43 per cent share, adopted by China and Europe (15 per cent every) and Japan (9 per cent).
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