Indian seafood export may touch $7 billion in FY22

Robust demand in the US and record production of vannamei shrimp in the first half of 2021, coupled with the introduction of pathogen-free black tiger shrimp broodstock, have raised the hopes of the Indian seafood industry in hitting the $7 billion mark in exports in FY22. Seafood export from the country had declined by about 11 percent in FY21 to $5.96 billion from a year earlier as COVID-19 disrupted shipments. However, the last few months have seen demand in the US, India's main market, booming and the farmers harvesting a bumper output of the vannamei shrimp that accounts for a…