Dip in demand from China, fewer containers hit seafood exports
India exported 1,289,651 tonne of seafood in 2019-20, valued at $6.68 billion. China was the largest seafood export destination for India in terms of quantity, with imports of 3,29,479 tonne worth $1,374.63 million accounting for 25.55% in quantity and 20.58% in dollar terms.
Lower demand from China and less availability of containers is likely to bring down Indian seafood exports by 20% this fiscal, Jagdish Fofandi, national president of the Seafood Exporters Association of India (SEAI), said on Friday.
He said confusion regarding the extension of the Merchandise Exports from India Scheme (MEIS) till April 2021 is also affecting the export sector.