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) Currently, Da Nang City has no fishing vessels detained, sanctioned by foreign authorities, or criminally prosecuted for IUU fishing violations. Patrols, monitoring of marine fishing activities, and handling of violations have been prioritized by competent forces, significantly reducing nearshore fishing infringements.
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam’s tuna exports to Israel in the first nine months of 2025 reached just over USD 27 million, down as much as 49% compared to the same period in 2024. This is a steep and prolonged decline for many consecutive months, reflecting changes in import demand as well as shifts in the supply structure of this market.
(seafood.vasep.com.vn) The first 700 tons of Vietnamese tilapia ordered and imported by JBS Group will initially be distributed through supermarket chains, the Horeca network and JBS’s product showrooms in Brazil.
(seafood.vasep.com.vn) In October 2025, Vietnam’s pangasius exports hit $217 million, representing an 8% increase compared to the same month in 2024. For the first 10 months of the year, total export value has surpassed $1.8 billion, up 9% year-on-year. This growth demonstrates clear positive momentum for the pangasius industry, despite continued declines in certain markets.
In recent days, the Central provinces of Vietnam have been suffering from historic flooding, with prolonged heavy rains, landslides, flash floods, and deep inundation causing extremely serious impacts on tens of thousands of households, as well as many VASEP member exporters located in the region. With the spirit of mutual support and solidarity, and in order to promptly assist residents and member exporters in the affected areas to stabilize their lives and restore production activities, VASEP calls on all seafood exporters, organizations, and individuals to extend supports to the people and member exporters in the flood-hit areas. We urge timely and practical material and spiritual contributions to help member exporters and local communities in the severely affected provinces overcome this difficult period.
(seafood.vasep.com.vn) In the final days of October 2025, Vietnam’s domestic raw shrimp market remained generally stable, though slight adjustments were recorded in several sizes across key farming regions.
(seafood.vasep.com.vn) Vietnam’s shrimp exports reached USD 498 million in October 2025, up 26% from the same period last year. This is one of the highest monthly revenues since the beginning of the year, reflecting solid demand in major markets and faster shipment schedules by exporters. From January to October, shrimp export value reached USD 3.9 billion, up 22% compared to the same period in 2024.
(seafood.vasep.com.vn) On October 31, 2025, the US Court of International Trade (CIT) officially issued an order to suspend the case filed by the National Fisheries Institute (NFI), the National Restaurant Association (NRA), and several US seafood companies against the US Government concerning the implementation of the Marine Mammal Protection Act (MMPA).
(seafood.vasep.com.vn) An Giang’s fisheries sector has maintained stable growth momentum during the first nine months of 2025, making an important contribution to the province’s socio-economic development. Despite facing numerous challenges, the province is implementing various measures to enhance production efficiency, expand markets, and promote sustainable fisheries development toward deeper integration into the global economy.
(seafood.vasep.com.vn) Vietnam’s pangasius export value in September 2025 reached USD 181 million, up 5% compared to the same period in 2024. The overall trend for the pangasius industry remains positive, with total exports in the first nine months of 2025 reaching nearly USD 1.6 billion, an increase of 9% year-on-year.
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