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India's exports of Kerala's sea products fell 30-40% year-on-year in the 2020/21 fiscal year, with exports exceeding 50 billion rupees ($685 million) in the 2019/20 fiscal year, according to Hindu Business Line.
exporters are facing double pressure from European and Chinese markets, with weak sales over the Christmas period, insufficient capacity for frozen containers and severe delays at ports, The Times reported.
Alex K. Ninan, president of the Kerala Association for The Export of Sea Products, told the media that since the discovery of the new coronavirus variant in Europe, many countries have renewed their calls for travel restrictions, declining demand for sea products and tight trade between India and the European Union.
china is India's second-largest market for sea products, after the United States.
a large number of Indian exporters have yet to receive late payments due to delays at Chinese ports, and 90 per cent of shipments to China have had problems in the past three months.
U.S., prices fell 20 percent because of inventory backlogs, even as demand remained.
"For existing Chinese customers, we require them to make a 100% advance payment.
," Ninan said.
April-September 2020 (first half of fiscal year 2020), India exported 103,000 tons of sea products to China, down 31% year-on-year, according to the General Administration of Export Development of Indian Products (MPEDA). 33.7 billion rupees; U.S. exports were 135,000 tons, down 18 percent year-on-year, with a value of 85.1 billion rupees; and EU exports were 598 million rupees, down 25 percent from a year earlier, worth 24.8 billion rupees.
, India's total shrimp exports to the United States fell 6 per cent year-on-year and exports fell 5 per cent year-on-year.
Lakkaraju Satyanarain, former president of the All India Shrimp Seedling Association, points out that the price of white shrimp in South America has risen over the past month, with hurricanes and heavy rainfall in Anderra and Tamil Nadu, and exporters facing shortages of large-size raw materials (40-50 per kilogram).
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