Indian seafood industry to clock $7 billion mark in exports in FY22


Source: agronfoodprocessing.com agronfoodprocessing.com

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The seafood industry has something to rejoice at last as there is record production of vannamei shrimp in the first half of 2021, coupled with the introduction of pathogen-free black tiger shrimp broodstock, that has led to strong demand in the US and 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...