Share of shrimps in the Indian seafood export basket jumped from around 52 percent to nearly 70 percent as the country capitalizes on the increased demand resulting from the global shortage of farmed shrimps due to spread of a disease in the farms of South East Asia.
Half-yearly export figures show close to 40 percent increase in export earnings at Rs 11.923 crore. The aquaculture production, particularly of vannamei shrimp, in farms in the eastern coast, has gone up to meet the rising requirement.
The U.S. continues to be the largest buyer with 32 percent share. If the current growth is sustained, then Indian marine products export may surpass its target of USD 4.3 billion (EUR 3.2 billion).
