India seafood exporters fear volume drop


SeafoodSource staff

Published on
April 3, 2014

The seafood exporters from the state are worried over strengthening of rupee against dollar fearing drop in volume of their shipment, which has become costlier for the buyers.

"Exporters are worried over fast strengthening of rupee against the dollar. It has gained by about 5 percent in last three to four days", said Gorachand Mohanty, President, The Seafood Exporters Association of India, Odisha region.

It may have a cascading effect on the exports in 2014-15, he added. Exporters said, marine products exports may touch about USD 4 billion (EUR 2.9 billion) in the 2013-14.

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