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This "season" usually brings joy to aquaculturists, but now it leaves them desperate because no one buys their seafood
.
.
Due to the Russia-Ukraine conflict, the international market has been sluggish, and now seafood exports have almost stagnated, and farmers in Andhra Pradesh are in trouble
.
Shrimp exporters say seafood from India, especially shrimp, has large overseas markets in the United States, China and Europe, but the financial crisis caused by the Russia-Ukraine conflict has jeopardized the purchasing power
of Western markets.
.
Shrimp exporters say seafood from India, especially shrimp, has large overseas markets in the United States, China and Europe, but the financial crisis caused by the Russia-Ukraine conflict has jeopardized the purchasing power
of Western markets.
Ecuador has become a major competitor to Indian shrimp, offering seafood, especially shrimp products, at lower prices, and has competed fiercely with Indian aquaculturists, especially affecting Indian shrimp exports to the US market, causing great distress
to local farmers.
to local farmers.
Affected by the pandemic, China has imposed several restrictions on seafood supplied by India, exacerbating the export crisis, while Vietnam's provision of value-added products and catering to the needs of the Chinese market has also affected the export
of Indian shrimp.
of Indian shrimp.
India's Seafood Export Development Authority (MPEDA) said the current crisis was the result of volatility in international markets and the state government needed to refer the issue to the central government for necessary action, but remained confident that export orders could turn around in the coming months
.
.
