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Shrimp demand may increase seafood exports from India

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Seafood exports from India could exceed $6 billion in the current financial year, driven by demand for shrimps in the global market. In 2016-17, India exported $5.78 billion worth of marine products.

Cultured shrimps amount to about 70% of the value of the exports.

In the last two years, growing seafood exports have led to increased construction of shrimp farms in several states while the output has gone up in the existing farms. “The harvests so far have been very good.” said S Muthukaruppan, former president of Society of Aquaculture Professionals.