This increase in rupee value, which took place after the announcement of the government election, can affect exporters’ revenues. An issue that is added to the fact that demand from the US, a primary buyer of shrimp from India, has shown a recessionary trend, the Business Standard reported.
Amid slack demand and fluctuating prices, exports are also affected by increased harvesting of this marine product in other countries like Vietnam and Ecuador, leading to a fall in the demand of Indian shrimp, which is expected to fall by about 20 per cent in value terms this fiscal.
Therefore, prices of shrimp have dropped by 25-30 per cent. While the price of shrimp of 16-20 grade has fallen from USD 16 per kilogram to about USD 12, the same for 31-40 grade shrimp has come down to USD 8.5 per kilogram from USD 11 in December-January period.
According to the estimates of Marine Products Export Development Authority (MPEDA), India’s seafood export crossed one million tonne mark for the first time with profits amounting to over USD 4.5 billion in 2013-2014 (1 April 2013-31 March 2014).
This record performance was due to two major factors — fall in production and exports of South Asian countries and the lowering of countervailing duty on Indian shrimp in US.
“From the beginning of this fiscal, exporters are hit hard due to the sudden appreciation of rupee and rising input costs for farmers, particularly towards seeds and feeds,” pointed out Gorachand Mohanty, president of the Seafood Exporters Association of India (SEAI)-Odisha region.
Sector sources reported that the above mentioned changes in the currency exchange rate have forced many importers to cancel their orders or renegotiate the prices.
Fishing industry looks for bailout package
With the seafood industry finding itself in troubled waters due to a variety of reasons, the exporters and trawler operators are baying for a bailout package from the new government at the Centre.
Achieving the export target of $15 billion by 2015 turning into a Herculean task, the industry is looking at a booster dose with a slew of incentives. The most important among them is to dispense with Letters of Permission (LoP) being given to some foreign vessels registered in the name of Indian firms.
“To put an end to overexploitation of fish resources, we are sensitising the industry on sustainable technologies. Even the LoP system may soon become a closed chapter,” Y.S. Yadava, Director of Bay of Bengal Programme (an inter-governmental organisation) and former Central Fisheries Commissioner, has told The Hindu.
Sources say the export market is under-explored even though there is a heavy demand for sushi grade tuna, shrimp, lobsters and other varieties to the United States, Japan and the European Union countries, known for their penchant for seafood. India contributes less than 1 per cent of ornamental fish exports – an area which is yet to be tapped fully.
“We have 8,129-long coastline with two million square km of Exclusive Economic Zone and 1.2 million hectares of brackish water body. A series of incentives with thrust on augmenting infrastructure will boost our turnover from inland and marine fisheries,” says Y.G.K. Murti, president of Federation of Indian Fishery Industries (FIFI).
Oozing out confidence that with local MP K. Haribabu familiar with the problems of the industry and change of guard at the Centre and in the State, he says they will get their voice heard at the State and the Centre for formulating a policy to encourage the fisheries sector in a big way.
(seafood.vasep.com.vn) Vietnam's tilapia exports to Japan posted strong growth in the first half of 2026, while a promising new trend has emerged in the value-added product segment. Notably, Vietnamese tilapia fillets have been exported to Japan for use in sushi and sashimi, creating new opportunities to enhance the value of the industry in one of the world's most demanding seafood markets.
(seafood.vasep.com.vn) After a relatively sluggish first quarter, Vietnam's exports of fish cakes and surimi showed a clearer recovery in the second quarter, particularly in June. Export value in the first six months of 2026 reached USD 148 million, down 2% year on year. However, the newly imposed 12.5% additional U.S. tariff on Vietnamese goods, intensifying competition in Northeast Asia, and increasingly stringent traceability requirements in the EU are making the outlook for the second half of the year more uncertain.
(seafood.vasep.com.vn) In June 2026, Vietnam's shrimp exports reached nearly USD 458 million, up 24% year-on-year. In the first six months of 2026, export value totaled USD 2.35 billion, an increase of 14.2% compared with the same period last year. Growth was driven mainly by the Chinese market and the strong performance of lobster exports, while shrimp exports continued to face pressure from U.S. tariffs and rising logistics costs.
(seafood.vasep.com.vn) As part of Vietfish 2026, the Hosted Buyer Program is designed as a specialized B2B matchmaking initiative for selected international buyers, providing opportunities to meet directly with Vietnamese seafood exporters, gain the latest market insights, and experience Vietnam's seafood supply chain firsthand.
(seafood.vasep.com.vn) A project titled "Sustainable Shrimp Industry Governance" has been launched in Ca Mau Province with the aim of supporting the transition of the province's shrimp industry toward higher quality, lower emissions, stronger governance capacity, improved supply chain traceability, and the development of a sustainable shrimp brand that meets the increasingly stringent requirements of export markets.
(seafood.vasep.com.vn) Khanh Hoa Provincial Agricultural Extension Center, in collaboration with the Northern Center for Marine Aquaculture Research and the Van Hung Public Service Center, recently organized a training course on disease-free golden pompano seed production. The program is part of a National Agricultural Extension Project aimed at developing industrial-scale seed production models to support sustainable marine aquaculture.
(seafood.vasep.com.vn) Vietnam’s pangasius exports have shown encouraging signs of recovery in 2026. In the first four months of the year, total export turnover reached USD 720 million, up 17% compared to the same period last year. This result reflects improving demand across many markets, as well as the efforts of Vietnamese pangasius enterprises to maintain production, secure orders, and adapt to changing market conditions.
(seafood.vasep.com.vn) The application of high technology in shrimp farming is delivering positive results in the coastal areas of Vinh Long Province, contributing to improved production efficiency and creating significant potential for further industry expansion. However, to fully capitalize on this potential, the province is focusing on aquaculture zoning, infrastructure investment, and promoting modern, sustainable production.
(seafood.vasep.com.vn) Đồng Tháp Province has intensified efforts to curb illegal fishing by strengthening vessel monitoring, law enforcement and seafood traceability.
(seafood.vasep.com.vn) Seafood businesses need solutions to overcome bottlenecks such as labor shortages, difficulty accessing capital, high input costs, and administrative procedures in order to maintain production, adapt to market fluctuations, and effectively exploit export opportunities.
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