Print This Page


February 5, 2016

India

Predictions for 2016, Production in 2015

 

Farmed shrimp products account for almost 70% of India’s annual seafood exports.

 

According to the Society of Aquaculture Professionals (SAP), higher production costs and diseases are likely to slow Indian’s shrimp production in 2016.  Production declined by over 10% in 2015 due to flooding and disease outbreaks, and a recovery is likely to be marginal due to lower returns from farming, said S. Muthukaruppan, president of SAP.  “Production may recover only marginally in the current year from the damages caused last year by flooding and prevalence of microsporidian EHP.  Higher costs of production and a sharp decline in prices during the last quarter of 2015 have affected farmers,” Muthukaruppan said.

 

Anwar Hashim, managing director of Abad Fisheries, and former president of the Seafood Exporters Association of India, confirmed that the cost of production has moved up and new diseases like “slow mortality disease” are affecting production.  “It is true that prices dropped during the June-August [2015] period but they recovered in January [2016].  Seed costs have moved up and production costs per kilo have increased to $3.32 from $2.21,” he added.  Hashim is optimistic that production of Penaeus vannamei could be boosted at new farming areas in the states of West Bengal, Odisha and Gujarat.

 

According to latest data available from the Marine Exports Product Development Authority (MPEDA), Indian production of farmed shrimp was 433,448 metric tons in 2014-2015, up from 322,684 tons in 2013-2014.  Vannamei production accounted for 353,413 tons in 2014-2015, giant tiger shrimp (P. monodon) accounted for the rest.

 

Rabobank, a Dutch multinational banking and financial services company, reports that India’s farmed shrimp production could increase five fold due to its large estuary systems that provide ideal sites for shrimp farms.

 

Source: The Financial Express.  Shrimp Production Likely to Be Hit by Higher Costs and Diseases.  Rajesh Ravi.  February 4,2016.

Print This Page