Business Daily from THE HINDU group of publications
Thursday, Aug 30, 2007
ePaper
Business Daily from THE HINDU group of publications Thursday, Aug 30, 2007 ePaper |
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Agri-Biz & Commodities
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Aquaculture Industry & Economy - Exports & Imports Marine exports top Rs 8,000-cr mark
Our Bureau Kochi, Aug. 29 Marine exports from the country have crossed the Rs 8,000-crore mark for the first time. According to the latest figures available from the Marine Products Exports Development Authority (MPEDA), seafood exports touched an all-time high of $1.85 billion during 2006-07, an increase of 12.69 per cent over the previous year. In terms of quantity, seafood exports increased by 19.62 per cent to 6.12 lakh tonnes (5.12 lakh tonnes) even as value realisation in terms of rupees increased by 15.43 per cent to Rs 8,363 crore (Rs 7,245 crore). Europe continued to be the largest export destination, accounting for 33 per cent of the total value of exports, at $611 million. This was followed by Japan with 16.15 per cent at $299 million and US with 16.03 per cent at $297 million. While exports to Europe and Japan continued to increase there was 21 per cent decline in export volume to the US, which fell to 55,817 tonnes (43,758 tonnes). The all round increase in exports to every other region was accompanied by a perceptible decline in export realisation both in rupees and dollar from the US. China buys
Meanwhile China has begun to emerge as a strong buyer of Indian seafood exports. Today, it is the top importer of Indian seafood in terms of volume and its share in value-terms has gone up to 13.83 per cent. Frozen shrimp constituted the biggest contributor in terms of value and accounted for 53.88 per cent of the total value of exports.
Related Stories: Marine products export to touch $4 b by 2010: Jairam Ramesh Marine exports: Govt keen on foraying into new markets More Stories on : Aquaculture | Exports & Imports
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