Seafood exports: India’s seafood exports rise 15% to $1.99 billion in June quarter: official

Indian seafood exports rose 15% year-on-year to $1.99 billion in the first quarter ended June 2022, a senior official said on Friday. “In 2021-2022, total exports were 7.76 billion, a 30% jump from FY21,” said the chairman of the Marine Products Export Development Authority (MPEDA), KN Raghavan.

He was here to take part in a roadshow for the India International Seafood Show 2023 to be held in Kolkata from February 15-17, 2023, after a hiatus of 16 years.

The official said seafood shipments to Europe are expected to increase in coming years, with the likely easing of some restrictions imposed by the European Union.

Europe contributes about 15 percent of total exports in this segment.

“An EU audit is due soon, after which the embargo on registration of new units should be lifted,” Raghavan said.

India is facing embargoes related to trace antibiotic residues in shrimp export consignments, limiting shipments of marine products to the European market.

The Indian government has taken several steps to overcome the problem through direct interventions and dialogues, said Indian Seafood Exporters Association President Jagdeesh Fofandi, who was also present at the event.

He said the government aims to double maritime exports by 2025.

Frozen prawns remained India’s top export product by quantity and value in 2021-22, accounting for a 53% share in quantity and 75% of total revenue, according to government data.

The United States is the largest market with a 43% share, followed by China and Europe (15% each) and Japan (9%).

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