The ministry of commerce and industry has stated that during the financial year 2014-15, exports of marine products reached an all-time high of $5511.12 million. Marine product exports crossed all previous records in quantity, rupee value and USD terms. Exports aggregated to 10,51,243MT valued at Rs 33441.61 crores and $5511.12 million. Compared to the previous year, seafood exports recorded a growth of 6.86% in quantity, 10.69% in rupee and 10.05% growth in US dollar earnings.
Frozen shrimp continued to be the major export item in the export basket in terms of quantity and value, accounting for a share of 34.01 % in quantity and 67.19% of the total US dollar earnings. Shrimp exports during the period increased by 18.60%, 16% and 15.54% in quantity, rupee value and USD value respectively. However unit value realization decreased to 10.38$/Kg from 10.65 in 2013-14, a negative growth of 2.59%.
The overall export of shrimp during 2014-15 was to the tune of 3,57,505MT worth $3,709.76 million. USA is the largest market (1,12,702MT) for frozen shrimp exports in quantity terms followed by European Union (81,952MT), South East Asia (69,068MT) and Japan (30,434MT).
The contribution of cultured shrimp to the total shrimp export is 76.45% in terms of US dollar. The export of cultured shrimp has shown positive growth of 21.66% in quantity and 15.53% in US dollar terms.
Source:- timesofindia.indiatimes.com
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