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    Home > Food News > Food Articles > Indian shrimp continues to remain the largest exporter in the U.S. in fiscal 2020

    Indian shrimp continues to remain the largest exporter in the U.S. in fiscal 2020

    • Last Update: 2021-05-07
    • Source: Internet
    • Author: User
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    From SeafoodMedia on April 20, India ’s foodmate.
    net/tag_227.
    html" class="zdbq" title="Export-related food information" target="_blank">exports of foodmate.
    net/tag_4043.
    html" class="zdbq" title="Frozen related food information" target="_blank">frozen foodmate.
    net/tag_409.
    html" class="zdbq" title="Prawn related food information" target="_blank">prawns to the foodmate.
    net/tag_2463.
    html" class="zdbq" title="U.
    S.
    related food information" target="_blank">United States in fiscal year 2020 will be reduced from 286,902 tons to 271,831 tons.
    Nonetheless, India has successfully maintained its status as the largest exporter of prawns to the United States.
    foodmate.
    net/tag_227.
    html" class="zdbq" title="Export-related food information" target="_blank">
     
    Globally, India is the second largest producer of aquaculture and fish, and the fourth largest exporter of marine products in the world.
    Seafood exports are worth 7 billion U.
    S.
    dollars.
    Frozen prawns account for 51% of India’s total seafood exports.
    73% of the total.
     
      Indian shrimp is facing competition with other exporting countries.
    For example, Indonesia's shrimp exports to the United States have increased from 133,163 tons to 160,744 tons; Ecuador's shrimp exports have increased from 82,869 tons to 125,818 tons; Vietnam's exports have increased from 55,859 tons to 65,459.
    Ton.
     
      According to the Globefish report, shrimp from India, Thailand, Malaysia, and Bangladesh dominate the US market.
    Since November 2020, shrimp farming in northeastern Asia such as India, Vietnam, Thailand, Myanmar and Bangladesh has entered a low-yield period.
    The price of farmed prawns has remained at a relatively stable level after bottoming out in the fourth quarter of 2020.
     
      The report pointed out that in 2020, both local and overseas markets in India will be affected by the epidemic.
    The downturn in the catering industry has led to a sharp drop in demand for seafood, and travel bans and trade restrictions have hindered the flow of prawns and other seafood.
    According to the report, the situation this year is still unclear.
    foodmate.
    net/tag_4043.
    html" class="zdbq" title="Frozen related food information" target="_blank">Frozen foodmate.
    net/tag_409.
    html" class="zdbq" title="Prawn related food information" target="_blank">prawns foodmate.
    net/tag_227.
    html" class="zdbq" title="" target="_blank">exported to the foodmate.
    net/tag_2463.
    html" class="zdbq" title="U.
    S.
    related food information" target="_blank">USfoodmate.
    net/tag_227.
    html" class="zdbq" title="Export-related food information" target="_blank">
     
      Globally, India is the second largest producer of aquaculture and fish, and the fourth largest exporter of marine products in the world.
    Seafood exports are worth 7 billion U.
    S.
    dollars.
    Frozen prawns account for 51% of India’s total seafood exports.
    73% of the total.
     
      Indian shrimp is facing competition with other exporting countries.
    For example, Indonesia's shrimp exports to the United States have increased from 133,163 tons to 160,744 tons; Ecuador's shrimp exports have increased from 82,869 tons to 125,818 tons; Vietnam's exports have increased from 55,859 tons to 65,459.
    Ton.
     
      According to the Globefish report, shrimp from India, Thailand, Malaysia, and Bangladesh dominate the US market.
    Since November 2020, shrimp farming in northeastern Asia such as India, Vietnam, Thailand, Myanmar and Bangladesh has entered a low-yield period.
    The price of farmed prawns has remained at a relatively stable level after bottoming out in the fourth quarter of 2020.
     
      The report pointed out that in 2020, both local and overseas markets in India will be affected by the epidemic.
    The downturn in the catering industry has led to a sharp drop in demand for seafood, and travel bans and trade restrictions have hindered the flow of prawns and other seafood.
    According to the report, the situation this year is still unclear.
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