Seafood exports jump 13.7 pc in April-Jan. 2017-18

Seafood exports during the first 10 months (April-January) of the last fiscal registered a year-on-year growth of 13.7 per cent in terms of volume and 10.1 per cent in terms of value largely due to higher exports of frozen shrimps, the Marine Products Export Development Authority (Mpeda) said.

During this period, India exported 10,85,378 tonnes of seafood valued at Rs 35,916.60 crore as against 9,54,744 tonnes worth Rs 32,620.03 crore a year ago.

In dollar terms, exports were pegged at $ 5.64 billion between April 2017-January 2018 as compared to $ 4.98 billion during the same period the previous fiscal, thus registering a growth of 13.27 per cent.

After China, India is the second-largest fish producer in the world, accounting for nearly 6 per cent of the global production.

The US, South-East Asia and the European Union (EU) continued to be the three major importers of seafood while the demand from Japan saw substantial increase during the period.

Frozen shrimp continued as the top export item of marine products with a share of 42.05 per cent in volume and 69.95 per cent of the total earnings in dollar, said a release.

Source: Exim News Service: Mumbai