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India: As catch dwindles, exports face tough times by Rajesh Ravi January 09,2017   |  Source: The Financial Express

Seafood exports from the nation are passing through a tough phase due to dwindling catch from capture fisheries and tougher quality inspection in importing countries. India is the second largest fish producer in the world after China and accounts for nearly 6 % of global fish production.

During financial year 2015-16, India exported 9,45,892 tonne of seafood worth Rs 30,420.83 crore ($4.7 billion) as against 10,51,243 tonne valued at Rs 33,441.61 crores ($5.5 billion) in FY 15. The decline in volume stands at 10%, rupee realisation at 9% and dollar realisation at 15%.

Indian seafood exports to the European Union and South Africa have come under intense scrutiny in the recent past. “The EU commission has passed a motion to increase the number of shipments of Indian aquaculture products stopped for checks at the borders to 50% from 10 % earlier. A vannamei shrimp export consignment to South Africa was rejected following the detection of Vibrio cholera in the shipment.

The issue has not been sorted so far and the delay is affecting exports,” Anwar Hashim, managing director of Abad Fisheries and former president of the Seafood Exporters Association of India, told FE. The EU has been tightening its import regulations by boosting its environmental and health standards.


© 2017 The Indian Express [P] Ltd.

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