Year 2011 has been good for the Indian seafood export industry aided by a falling rupee and surging unit value realizations. While the total value realizations have been up almost 25 percent, the volume of exports grew tersely at 2 to 3 percent even as the unit value in dollar terms moved up smartly, Anwar Hashim, VP of the Seafood Exporters Association of India (SEAI), said.
This was accompanied by increased demand from overseas markets such as Southeast Asia and China. Also, farmed shrimp production witnessed substantial growth as more areas were brought under the highly productive vannamei cultivation.
While shrimp exports continue to dominate India's export basket, the current surge in shrimp exports was made possible through increased production of the vannamei variety, D B Ravi Reddy, president of SEAI said.
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