The Hindu Business Line : Marine products export to EU up 34% in value

Fine print
Export realisation from all regions other than the US and South-East Asia grew.
Fall in the volume of high-value shrimp in export basket.

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Kochi Feb.26

Marine products export increased by 13 per cent, both in volume and value, during the first nine months of the current fiscal.

Dollar realisation

The Seafood Exporters Association of Indian has reported that by the end of December 2006, the country recorded 4,47,560 tonnes (3,95,901 tonnes) of marine exports worth Rs 6,341 crore (Rs 5,604.9 crore).

The export realisation in dollar terms grew by nine per cent. However, there was a fall in the volume of high-value shrimp in the export basket; the total unit value realisation also fell, by three per cent.

Dried fish exports

But for the slight decline in frozen shrimp and dried fish exports, total realisation from all other export constituents went up.

However, shrimp continued to account for the highest share in value, accounting for 56 per cent of total earnings.

Despite a 4.83 per cent fall in quantity to 1,06,121 tonnes (1,11,508 tonnes), the total value realisation went up to Rs 3,544.84 crore (Rs 3,317.37 crore).

In terms of volume, frozen fish had the highest share (44 per cent), though its value constituted only 17 per cent. Frozen fish registered 33 per cent growth in volume and 31 per cent growth in value.

The unit value realisation fell by nearly four per cent for items like squid, the Seafood Exporters Association of India said. Despite 31 per cent growth in volume, dried fish exports registered a fall in value.

Returns from regions

Export realisation from all regions other than the US and South-East Asia continued to grow.

Export to the European Union went up by 8.15 per cent in volume to 1,08,671 tonnes and accounted for 24 per cent of the total export volume. Value realisation from the region grew by nearly 32 per cent.

Shipments to Japan

Exports to the US declined sharply in quantity and value. Volume of exports fell by 24 per cent to 34,321 tonnes (44,848 tonnes), while exports to Japan fell to Rs 1,093 crore (Rs 1,322 crore).

Though exports to Japan accounted for only 11 per cent in terms of volume, they accounted for 16.95 per cent of total value of exports.

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