Seafood exports rises 6%

Written by Commodities Bureau | Kochi, Oct 15 | Updated: Oct 16 2008, 06:38am hrs
Increased availability of squid and mackerel has helped Indian seafood exports register a marginal increase in volume and value for the first quarter of the FY 2008-09. Exports have increased by 6% in volume and value for the period, while dollar revenue registered an increase of 8.6% during the same period. It has been a turnaround when compared with the performance of the last FY, when exports fell in both volume and value.

India exported 107,060 tonne of seafood products valued at Rs 1593.07 crore in April-June 2008-09, as against 100,852 tonne valued at Rs 1505.84 crore in April-June 2007-08.

The dollar value has increased during the same period to $392.34 million from $361.11 million.

In 2007-08, volume of exports fell by 11.58%, while value declined by 8.88%.

According to estimates of the state-run Marine Products Export Development Authority (MPEDA), exports during the last FY stood at 541,701 tonne valued at Rs 7620.92 crore.