The coastal city has shown robust performance in the export of marine products in 2014-15. Mangaluru has registered a growth of 17.55% in terms of quantity. The value of the catch exported is at Rs 1,363 crore.

According to Marine Products Export Development Authority (MPEDA), 1,15,470 tonnes of fish products were exported from Mangaluru port. In the previous year, the export stood at 98,230 tonnes. The difference in value over the previous year is Rs 249 crore.

Frozen shrimp remained the primary export item, accounting for a share of 34.01 % in quantity and 67.19% of the total US$ earnings.

Meanwhile, Karwar recorded nil exports from its port. Bengaluru exported 810 tonnes of fish valued at Rs 10.12 crore, almost twice of what it exported last year, which was 388 tonnes. The growth was 108% over the previous year. In US$ terms, the export value was $1.67 million.

Meanwhile, the export of marine products from India reached an all-time high of $5511.12 million during the financial year 2014-15. Exports aggregated to 10,51,243 tonnes valued at Rs 33,441.61 crore and US$5511.12 million. Compared to the previous year, seafood exports recorded a growth of 6.86% in quantity, 10.69% in rupee and 10.05 % growth in US$ earnings.

MPEDA said that the depreciation of rupee and euro, the weaker economic condition in China, the devaluation of yen, improvement in supply conditions in South East Asian (SEA) countries in comparison to previous year has resulted in continuous drop in prices of the shrimp, a principle commodity of Indian seafood export basket.

Overall, shrimp export in 2014-15 touched 3,57,505 MT worth US$ 3,709.76 million. The contribution of cultured shrimp to total shrimp export is 76.45% in terms of US$. The export of cultured shrimp has shown positive growth of 21.66% in quantity and 15.53% in US$.

Fish, the second largest export item, accounted for a share of about 29.44% in quantity and 11.24% in US$ earnings. Frozen fish showed a negative growth of 4.60%, 12.02% and 12.55% in terms of quantity, rupee value and US$.

Source:- timesofindia.indiatimes.com