Rise in export of seafood products by 28%

Market sources reported that India’s export of seafood products has registered a rise of 5.2 % over the previous year’s level of 63,593 tonnes, the exports stood at 66917 tonnes in the first three months of the current fiscal, whereas 28.2% rise in value terms. The exports stood at Rs.1, 304.7 crore in the first quarter as compared to Rs.1, 017.9 crore during the same period last year.

In dollar terms, the exports stood at $296.85m, an increase of 24% over the previous year’s level. In the first quarter of ‘99-00, the exports stood at $238.76m.

In seafood export products, shrimp exports stood at 26,622 tonnes in the first three months. Compared to this the exports stood at 23,632 tonnes last year. The value of exports stood at Rs.1, 000.42 crore as against Rs.757.02 crore in the previous year. Whereas export of fish stood at 17,377 tonnes in the first three months as against 17,953 tonnes during the same period of the previous year. It is said that value of exports did not see much change and stood at Rs.74.25 crore this year as compared to Rs.75.92 crore last years.

Cuttle fish exports stood at 3,639 tonnes down from the level of 4,049 tonnes last year. However, the value of exports increased marginally to Rs.33.8 crore from Rs.32.07 crore in the previous year. Export of squid touched 11,022 tonnes as against 11910 tonnes in the previous year. The value of exports increased to Rs.9, 2.21 crore from Rs.89.82 crore in the previous year.

In case of dried products export fell marginally to 1,048 tonnes from 1,065 tonnes in the previous year. However, the value of exports increased sharply to Rs.13.81 crore as against Rs. 7.59 crore. Products like shrimp powder, cattle-fish ink, whole frozen crab, etc found a place in the export during the period, sources reported.


Market Update
(Fish)