Seafood export touches $1.46 billion

INDIA - Seafood export from India has touched a record all-time-high of 1.48 billion US dollars in 2004-05, with the European Union (EU) emerging as the largest market for marine products from the country overtaking the United States.

Exports to the US declined by 5.85 per cent mainly due to the anti-dumping duty imposed by the US government on import of frozen shrimp from India, Marine Products Export Development Authority (MPEDA) chairman G Mohan Kumar told a press meet here.

Export of frozen shrimp to the US has declined by 15.02 per cent in quantity, 9.81 per cent in rupee value and 7.93 per cent in US dollar terms.

Indian export showed an increase of 11.97 per cent in volume, 9.11 per cent in rupee value and 11 per cent US dollar realisation. However, the average unit value realisation had a marginal decline of 0.78 per cent, he said.

The share of EU has increased to 25.52 per cent from 23.37 per cent in quantity to 27.37 per cent from 24.25 per cent in rupee value and 27.42 per cent from 24.04 in US dollar realisation. The European Union has registered an export growth of 22.29 per cent in quantity, 23.68 per cent in rupee value and 26.71 per cent in US dollar realisation.

Source: Chennaionline News