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Euro crisis, Japan's rejection hit seafood export

Source : BUSINESS_STANDARD
Last Updated: Mon, Dec 10, 2012 09:22 hrs

pIndia had suffered a setback on export of seafood during the April-September period H1 of the current financial year Global economic recession especially in the Euro zone coupled with the slowdown in export of shrimp to Japan led to this said major Kochi-based exportersppThe Euorpean Union EU fell to the second spot after USA after a gap of around four years in the export table New regulations and certification systems by markets like China also adversely affected exports during the periodppDetection of ethoxyquin an anti-oxidant used in shrimp feed above the permitted level had stalled exports to Japan for weeks This caused huge losses to exporters in Odisha and West Bengalbr br table cellpadding2 width360 tbody tr styleheight 15pt height20 td styleheight 15pt width332 bgcolorccd7dd colspan4 height20font size2strongFROZEN IN CRISISstrongfonttd tr tr styleheight 15pt height20 td styleheight 15pt width114 bgcolor95acb3 height20 td td width78 bgcolor95acb3font colorffffff size2strongH1 2011-12strongfonttd td width78 bgcolor95acb3font colorffffff size2strongH1 2012-13strongfonttd td width76 bgcolor95acb3font colorffffff size2strong growthstrongfonttd tr tr styleheight 15pt height20 td styleheight 15pt width114 bgcolorccd7dd height20font size2Quantity tonnesfonttd td alignright width78 bgcolorccd7ddfont size2374923fonttd td alignright width78 bgcolorccd7ddfont size2349009fonttd td alignright width76 bgcolorccd7ddfont size2-691fonttd tr tr styleheight 15pt height20 td styleheight 15pt width114 bgcolorccd7dd height20font size2Value Rs crfonttd td alignright width78 bgcolorccd7ddfont size2794264fonttd td alignright width78 bgcolorccd7ddfont size2797993fonttd td alignright width76 bgcolorccd7ddfont size2047fonttd tr tr styleheight 15pt height20 td styleheight 15pt width114 bgcolorccd7dd height20font size2Value mnfonttd td alignright width78 bgcolorccd7ddfont size2177538fonttd td alignright width78 bgcolorccd7ddfont size2148073fonttd td alignright width76 bgcolorccd7ddfont size2-1660fonttd tr tr styleheight 15pt height20 td styleheight 15pt width114 bgcolorccd7dd height20font size2Unit value kgfonttd td alignright width78 bgcolorccd7ddfont size2474fonttd td alignright width78 bgcolorccd7ddfont size2424fonttd td alignright width76 bgcolorccd7ddfont size2-1040fonttd tr tbodytableppThe issue remains unresolved India has sought intervention of the World Trade Organization WTO in resolving the matter Though there has been a sharp reduction in prices of items especially those of shrimps in the global markets a nominal growth 047 per cent was recorded in export earnings in rupee value This is thanks to the fall of the rupee against the dollar in the past six-seven monthsppExports in the first half of this year were 349009 tonnes valued at Rs 79799 crore equivalent to 14807 millionppCompared to the corresponding period of last year exports declined 69 per cent in quantity and 166 per cent in dollar earningsppFrozen shrimp continued to be the major export item accounting for 554 per cent of total dollar earnings In volume terms its export decreased one per centppExport of frozen fish squid and cuttlefish also decreased in terms of quantity and valueppThe unit value of exports also showed a decline to the tune of 104 per cent provisional data of the Marine Products Export Development Authority saidppstrongMajor marketsstrongbr The US became the largest buyer of Indian marine products with a share of 243 per cent followed by the EU 242 per cent Southeast Asia 181 per cent Japan 125 per cent West Asia 63 per cent and China at 547 per centppExports to the US registered a growth of 114 per cent in terms of quantity and 93 per cent in rupee value while showing a decline of 98 per cent in dollar termsp

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