Seafood exports rise 2.5 pc
India seafood exports touched an all-time high of $1,899 million in 2007-08, registering a 2.5 per cent increase over the previous year.
By ET Bureau |
KOCHI: India seafood exports touched an all-time high of $1,899 million in 2007-08, registering a 2.5 per cent increase over the previous year. However, when compared to 2006-07 the quantity of exports fell by 11.6 per cent to 541,701 tonne. The exports in rupee terms also fell by 8.9 per cent to Rs 7,620.92 crore.
European Union emerged as the major market for Indian marine products accounting for 27.6 per cent of the total quantity exported. In value terms, the share stood at 35 per cent. Japan, which continued to be the second largest market, accounting for 12.4 per cent in quantity and 13.3 per cent in value.
USA occupied the third slot accounting for 6.76 per cent of the quantity and 13.33 per cent in value. in China which was the fourth-largest market for Indian seafood in 2007-08. Among the various product groups, frozen shrimps had a share of 52 per cent, while frozen fish had a 17 per cent share. Frozen cuttle fish had a 10 per cent share of the seafood export market.
The target fixed for the current year stood at $1.85 billion. ���Lesser fish landings and lower aquaculture production were the main reasons for the decline in exports,��� said G Mohankumar, chairman, Marine Products Export Development Authority. Overall production from export oriented aquaculture during 2007-08 stood at 133,422 tonne as compared to previous year���s production of 174,462 tonne.
European Union emerged as the major market for Indian marine products accounting for 27.6 per cent of the total quantity exported. In value terms, the share stood at 35 per cent. Japan, which continued to be the second largest market, accounting for 12.4 per cent in quantity and 13.3 per cent in value.
USA occupied the third slot accounting for 6.76 per cent of the quantity and 13.33 per cent in value. in China which was the fourth-largest market for Indian seafood in 2007-08. Among the various product groups, frozen shrimps had a share of 52 per cent, while frozen fish had a 17 per cent share. Frozen cuttle fish had a 10 per cent share of the seafood export market.
The target fixed for the current year stood at $1.85 billion. ���Lesser fish landings and lower aquaculture production were the main reasons for the decline in exports,��� said G Mohankumar, chairman, Marine Products Export Development Authority. Overall production from export oriented aquaculture during 2007-08 stood at 133,422 tonne as compared to previous year���s production of 174,462 tonne.
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