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India: Shrimp looks to China for demand growth December 06,2019   |  Source: The Financial Express

Indian shrimp looks at China for growth in demand as US imports is seen slowing. According to a trade report by FAO’s Globefish, which is responsible for information and analysis on international fish trade and markets, China is now the world’s number one market for shrimp and strong demand from China kept the international shrimp trade stable in 2019.

Globefish reports that during the second half of 2019, international shrimp trade escaped another market crash supported by strong imports by China. However, the three other large traditional markets — the US, the EU and Japan — posted negative import growths during this period. The report also mentions the likelihood of lower shrimp exports from India in 2019 as overall exports of shrimp declined from most countries in Asia, due to lower import demand, although exports increased to China in large percentages.

However, according to the latest data published by the US agency National Oceanic and Atmospheric Administration (NOAA), India’s shrimp exports to the US for the period of January-September 2019 stands at 198,350 tonne as against 175,511 tonne during the same period of 2018. Since 2018, China has emerged as the rising star in the global shrimp market. During the first half of this year, foreign shrimp

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