Seafood exports rise in Kerala

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Kochi, May 21 (ANI): Seafood exports from Kerala have crossed the two billion dollar mark.

"We are happy to say that we have crossed the two billion US dollar mark," said Leena Nair, Chairperson of Marine Products Export Development Authority (MPEDA) Frozen shrimp accounted for 41.74 per cent of earnings.

Fish, has retained its position as the principal export item in quantity terms and the second largest export item in value terms. It accounted for a share of about 38.37 per cent in quantity and 20.09 per cent in US dollar earnings.

Exports aggregated to 663603 tonnes valued at Rs. 9921.46 crore and 2105.60 million dollars.

Compared to the previous year, seafood recorded a growth across the board.In terms of rupee value as well as US dollar value, we have registered an increase and the increase in terms of US dollar value its 10.32 and in terms of Indian rupees its 15.26 and in terms of quantity its 10.08," said Nair.

Cuttlefish recorded a growth of 23.66 per cent in quantity, 19.84 per cent in rupee value and 14.80 per cent in dollar terms. Items like dried items, live items and chilled items also showed a substantial growth compared to the previous year.

Export of squid showed a marginal increase in quantity but there is a fall in rupee and US dollar realization. Export of Live Lobster, Live crab and Baigai showed an increase in exports.

European Union (EU) continued to be the major export market with a share of 30.07 per cent in US dollar realization.

China maintained the second place with a share of 17.73 per cent, followed by South East Asia 14.61 per cent, Japan 12.96 per cent, USA 10.02 per cent, Middle East 5.57 per cent and other countries 9.05 per cent.

Exports to countries like Libya, Reunion Islands, Australia, Puerto Rico, Dominican Republic, Kenya, Tanzania, Ukraine and Brazil registered a positive growth. (ANI)

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