How has the humble shrimp done this year; details here
Shrimp exports growth seen subdued this year: Stiff competition could result in a demand-supply mismatch and induce volatility in shrimp prices going ahead, said Icra report.
7-10%- Shrimp export volume growth expected during CY2018-CY2019 Image source: Reuters
17%- Export volume export growth witnessed during CY2013-CY2017 Image source: Reuters
87% of export demand comes from US, EU, China, Vietnam Image source: Reuters
38% of shrimp is exported to the US Image source: Pixabay
11.6%- EU accounted for of total exports during 10 months period of FY18 Image source: Pixabay
6.5% of total exports were made to Japan Image source: Pixabay
“Going forward, Indian exporters face stiff competition from Ecuador, Indonesia, and Vietnam. A strong uptick in major shrimp production since CY2-2017 has intensified competition amongst leading global shrimp exporting nations,” Pavethra Ponniah, VP and sector head- Corporate Sector Rating. Image source: Pixabay