The organised premium seafood players are growing 30 percent annually, against 9-10 percent growth in the local seafood market, as Indian customers warm up to products such as shrimps, lobsters, prawns and seer fish.
Tepid buying from the US, China, Japan and Europe is one of the factors. The US is getting a lot of shrimps from Ecuador cheaply as transportation costs and the time needed for delivery are less. The US is the leading buyer of Indian seafood.
Retail buying boost shrimp prices in domestic market - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.