With high prices, shrimp shipments now account for 78% of India's total seafood exports
SEAFOODNEWS.COM [The Economic Times] by PT Krishnakumar - September 25, 2014
Global shortage of farmed shrimp continues to boost India's seafood export prospects. After crossing the Rs30,000-crore (US$4.8 billion) mark last year, the shipments have shown nearly 30% rise till the end of July with vannamei shrimp bringing in a significant part of the revenue.
Frozen shrimp now accounts for 78% of the total seafood consignments from India, up from 71% in the same period last year. Another notable feature is that exports to the European Union and Middle East have increased during four months.
Seafood exports from India totalled 241,600 tons valued at Rs9,345 crore (US$1.523 billion) during the period April-July 2014. Though there is only a marginal increase in quantity, the value is up by 29%, indicating good prices for Indian shrimps...
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