Seafood News Supply & Trade

Pakistan aims to capture lost export markets

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By SeafoodSource staff
29 August, 2012 - According to media reports, exports of frozen seafood from Pakistan have risen to $315.525 million during the fiscal year 2011 to 2012, by 6.53 percent or $19.343 million.

So far, so good. But the truth behind the increase in value of exports is hardly commensurate with the export volume and is mainly due to extraordinary weakening of the Pakistani rupee against the US dollar and other currencies.

Without derogating the efforts made by seafood exporters to survive the long — lasting ban on seafood exports imposed by the EU, Japan and the US, it may not be out of place to mention that the existing condition of depleting fishery stocks and poor fishery management risks a total disaster after a few years if attention is not paid to restore and revive the marine resources.

There is hardly any notable progress in fish and shrimp culture which is the need of the day because more than 50 percent of fishery exports have now switched over to cultivated fish.

It is because of this cultured fish that the demand for wild fish has slowed down. Wild fish is only sought after by importers as filler when supplies dry down from major fish exporting origins or when it is available at a much cheaper price than the cultured variety or is conveniently available from some exporting origin such as Pakistan.

Click here to read the full story from Dawn Newspaper >

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