Business Daily from THE HINDU group of publications
Tuesday, Jun 30, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Tuesday, Jun 30, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Agri-Biz & Commodities
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Aquaculture Web Extras - Foreign Trade India adds only 1% to global fish trade C J Punnathara Kochi, June 29 Despite its long coastline, diverse agro-climatic conditions and marine habitats, India’s contribution to the global fish trade has been just around one per cent in 2008. China consolidated its position as the top seafood trading country of the world, accounting for over 10 per cent of the global export market and eight per cent of the global fish imports. For the first time in history, the Food and Agricultural Organisation (FAO) has estimated that global fish imports exceeded $ 100 billion during 2008. India has, meanwhile, lost ground marginally from 1.8 per cent of the global export trade in fish to 1.7 per cent in 2007 and 2008. Despite talks of liberalisation of the fish import regime for value addition and re-export from India, imports continued to be virtually zero in 2008, the FAO noted. World tradeAbout half the world’s fish exports originate in developing countries while almost 80 per cent of the world import is targeted at the developed world.
The remaining portion of the global trade mainly consists of intra-developed world trade. The huge volume and value of annual fish exports undertaken by the developing world, emphasise the economic importance they have as a major source of foreign exchange for the poorer countries of the world. The FAO has estimated that production of fish and fish products recorded a nominal growth to 141.6 mt in 2008. While capture fisheries remained stable at 90 mt , aquaculture grew by 2.5 per cent to 51.6 million kg – accounting for 45 per cent of the global fish as food supply. Global per-capita fish consumption remained stable at 16.9 kg with almost equal contribution coming from capture fisheries and aquaculture. More Stories on : Aquaculture | Foreign Trade
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