Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Aereal view of Japanese Tsunami at Sendai city. (Photo: YouTube,manataka/FIS)

Japan's tsunami to harm Indian exports

Click on the flag for more information about India INDIA
Thursday, March 17, 2011, 00:50 (GMT + 9)

Last week’s tsunami catastrophe in Japan is expected to harm India’s USD 2 billion-seafood export industry. The heavily damaged Japanese North-Eastern city of Sendai was brimming with seafood factories and processing units directly connected to Indian exporters, explained Anwar Hashim, president of the Seafood Exporters Association of India (SEAI). 

Although seafood exports to Sendai have suffered, Hashim said that exports to destinations including Tokyo and Osaka could recuperate sooner. All trade and commerce with Japan could temporarily cease. 

Indian shrimp farmers off the coast of Andhra Pradesh, Tamil Nadu, Orissa and West Bengal would be affected the worst, as their black tiger shrimps have mostly been sold to Japan buyers. India’s frozen large de-veined black tiger shrimps are fetch good prices for Indian farmers and exporters and are considered a delicacy in Japanese markets. 

During the April-to-December period of the current fiscal year, seafood exports to Japan were valued at INR 13.58 billion (USD 294.9 million). Japan is a major buyer of seafood products such as shrimp, cuttle fish and squid, reports the Economic Times. 

"We were planning to shift our attention from the European Union (EU) to the Japanese market," said an industry spokesperson.  

India is already suffering from a recession in Europe - the country’s main seafood customer – as well as appreciation in the value of the rupee against the euro and the economic crisis in Greece, Spain and Portugal. At the same time, according to export figures for April-December 2010, Europe might still have been able to retain the top slot, making up 26.14 per cent of the total seafood export realisation, reports The Hindu.

After the US, Japan was the third most important export destination, accounting for 15.12 per cent of the India’s total seafood exports in value. Frozen shrimp remains the principal export item at 48.61 per cent of the total foreign exchange earnings. 

Shrimp exports translate into high returns and unit value realisation from these exports has also been booming. In the first nine months of the current fiscal year, unit value realisation from shrimp exports has jumped by more than 25 per cent.

While India’s seafood exports to Japan in 2011 might not receive an immediate impact, 2012 could be bleak, SEAI said, noting that exports to Japan could take two to three months to bounce back.

Europe accounts for 26 per cent of India’s total seafood exports, while the US covers 17 per cent and Japan 20 per cent, reports Press Trust of India.

Related articles:

- Seafood exports unprecedentedly exceed USD 2 billion 

- FTA signed with India to end majority of tariffs within 10 years 

 

By Natalia Real
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
New Zealand
Sep 3, 03:10 (GMT + 9):
Paua and crayfish black market busted
United States
Sep 3, 02:50 (GMT + 9):
IN BRIEF - Hawaii's longline fleet dodges hurricanes
Bangladesh
Sep 3, 02:50 (GMT + 9):
IN BRIEF - Imported fishes found substandard, harmful
Somalia
Sep 3, 02:50 (GMT + 9):
IN BRIEF - Mayor vows to relentlessly fight against illegal fishing trawlers
Spain
Sep 3, 02:40 (GMT + 9):
Pescanova’s minority shareholders propose alternative agreement
United States
Sep 3, 02:20 (GMT + 9):
IN BRIEF - Guide helps figure safe level of fish to eat in Wisconsin
Canada
Sep 3, 02:20 (GMT + 9):
IN BRIEF - Fish habitat protection waning under Harper government, analysis finds
Faroe Islands
Sep 3, 02:20 (GMT + 9):
IN BRIEF - Go fish for 800% return on Faroe
United States
Sep 3, 02:20 (GMT + 9):
IN BRIEF - Southeast pink salmon harvest fails to meet predictions
New Zealand
Sep 3, 02:20 (GMT + 9):
IN BRIEF - SeaDragon Chair, CEO and CFO to invest up to NZD 300,000
United States
Sep 3, 02:20 (GMT + 9):
US and Russia join efforts against IUU fishing in the Arctic
Australia
Sep 3, 02:00 (GMT + 9):
IN BRIEF - Fish grown in sea cages set to be harvested in Marshall Islands
Iran
Sep 3, 02:00 (GMT + 9):
IN BRIEF - Iran's annual seafood exports predicted at IRR 350 million
New Zealand
Sep 3, 02:00 (GMT + 9):
IN BRIEF - MPI closes down black market fishing operations
Argentina
Sep 3, 01:30 (GMT + 9):
Spanish shipyard interested in building modern research vessel



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Climate change will alter global marine communities
United Kingdom Tropical marine animals that currently thrive in warm habitats around the equator will have to spread north and south to avoid extinction as global sea temperatures rise, a study has found.
Cornish Fishermen take steps towards EU spurdog management change
United Kingdom Cornish fishermen expressed concern about the fact that while there has been an increasing number of sporadic but significant hauls of spurdog (Squalus acanthias), no landing of the species has been allowed by the European Union since 2010.
NGO accuses Coles of breaching its own tuna sustainable policy
Australia Greenpeace accuses supermarket giant Coles of breaching its own sustainable tuna policy by selling home brand cans of yellowfin tuna even when the retail acknowledges this resource is overfished.
Sanford gets rid of its tuna fleet
New Zealand Fishing company Sanford has sold one of its Pacific tuna vessels and intends to sell its other purse seiner and quit its Pacific tuna business due to certain challenges in the sector.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel ehf - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2015 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER