Indian seafood exports upThis article was originally published in Foodnews
INDIAN seafood exports for the last financial year are estimated to be higher by 30%. The country's Marine Exports Product Development Authority (MPEDA) estimates total earnings will be USD2.7 billion, despite the general economic climate, the weakness of the euro, and unrest in several markets. The rise is largely due to higher exports of shrimp: farmed shrimp exports showed a 13% increase in volume. Exports to the US (despite the anti-dumping duties) and Japan have made strong gains, countering falls in exports to the EU. However, value earnings from sales to Europe are up, due to higher prices. Exports to China are also running higher than last year.