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Thursday, March 28

Marine products growth phenomenal

Marine products growth phenomenal


Mangalore Today News Network

Mangaluru, July 7,2015  :   During financial year 2014-15, exports of marine products reached an all-time high of US$5,511.12 million.  MPEDA (Marine Products Export Development Authority), statutory body under Minis- try of Commerce & Industry, Government of India, envisages an export of one million tonnes of marine products worth US$6.6 billion during the year 2015-16.

Increased production of L Vannamei shrimp, diversification of Aquaculture species particularly of Tilapia and Mangrove crab, quality control measures and increase in infrastructure facilities for production of value added items are expected to help in achieving this target. Compared to previous year, seafood exports recorded growth of 6.86 per cent in quantity, 10.69 per cent in rupee and 10.05 per cent growth in US dollar earnings.

Frozen shrimp continued to be major export item in the export basket in terms of quantity and value, accounting 34.01 per cent in quantity and 67.19 per cent of total US dollar earnings. Overall export of shrimp during 2014-15 was to the tune of 3,57,505 MT worth US$3,709.76 million.

Export of Vannamei has shown positive growth of 2,22,176 MT from 1,75,071 MT and US$2372.80 million from US$1,994.27 million, compared to 2013-14.

Fish, is second largest export item, accounting for share of about 29.44 per cent in quantity and 11.24 per cent in US dollar earnings. Frozen fish has shown negative growth of 4.60 per cent, 12.02 per cent and 12.55 per cent in terms of quantity, rupee value and US dollar terms.

Unit value realisation of frozen fish also decreased by 8.34 per cent, frozen Cuttlefish recorded a growth of 20.09 per cent in quantity, 32.17 per cent in rupee value, and 31.81 per cent in US dollar terms.

Dried item have shown a positive growth in terms of quantity by 3.89 per cent and in rupee term by 1.22 per cent, but it has shown negative growth in US dollar terms by 1.41 per cent. Live items exports have increased by 8.03 per cent, 6.97 per cent and 2.25 per cent in quantity, rupee value and US dollar realisation respectively compared to previous year.


Chilled items have shown 59 per cent increase in quantity. Unit value realisation reduced by more than 25 per cent. Other items like Surimi & Analogue products have shown a growth of 14.41 per cent, 31.75 per cent, 29 per cent in quantity, rupee and US dollar terms respectively.

Export of value-added products during 2014-15 increased to 95,436 MT from 84,549 MT with growth of 12.88 per cent and to US$746.59 million from US$634.67 million with growth of 17.63 per cent. The major contributor to the export of value-added item is value-added shrimp items with a share of 63.54 per cent in quantity terms and 75.37 per cent in US dollar terms.

Major exports nationwide : Marine products were exported through 30 different sea/air/land ports. Exports improved from Vizag, Kochi, JNP, Calcutta, Tuticorin, Krishnapatnam, and Mangalore compared to the corresponding period during the last year. Pipavav is the major port in terms of quantity (25.27 per cent ) and Vizag is the major port in terms of US$(22.59 per cent ).


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