A large number of donations were received by Chief Minister M.K. Stalin for the Chief Minister’s Public Relief Fund (CMPRF) on Tuesday.Ashok Leyland contributed ₹3 crore. The cheque was handed over to
It is the second year in a row that the country s summer stocking in the critical farming regions of Odisha and West Bengal has been impacted. Watch video from
Coronavirus impact: Seafood exports to China takes a major hit
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Non-payments, as also delayed payments, by many importers in China and allegedly unreasonable post-shipment, transhipment and vessel waiting charges by shipping lines have become a regular feature, with no intervention from India’s trade authorities, said exporters.
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Exporters also said that freight rates have been progressively increased for reefer containers to the US to about $6,500 from $3,500 in March 2020.
Marine exports from India, mainly from the west coast of the country, have taken a hit as Chinese buyers fear the presence of Covid-19 in the packing material. China accounts for nearly 25% of India s marine exports. Seafood exporters said they are facing the brunt of non-payments and delayed payments by many Chinese importers.
Indian seafood industry fears further setback on freight hike, US retaliatory tariff
May 03, 2021
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India’s largest market of aquaculture shrimps is the US, accounting for about 50% of the country’s total production Already beset with problems on the production and export fronts, the Indian seafood sector fears further setback due to the proposed retaliatory tariff by the US and impending freight rate hike.
US trade authorities are planning retaliatory tariffs against the imposition of two per cent tax by India on revenue generated by digital services offered in India.
One of the items mentioned is frozen shrimps. India’s largest market of aquaculture shrimps is the US, accounting for about 50 per cent of the country’s total production to the tune of $ 2.5 billion annually. The shrimp export sector, employing nearly 10 million people, mainly shrimp farmers, will get seriously affected, and requires urgent consideration from the government, a note prepared by Seafood
Aquaculture professionals see domestic promotion a way to increase farmed shrimp output 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.