The crash in price of shrimps will be a major setback to the seafood exports in India. It is reported that the price of shrimps has dropped to 18 percent from 20 percent this year compared to the previous year. The fall in prices has forced the fish farmers to limit the production. Prawn farmingis facing another crisis due to the spread of contagious diseases during monsoonShrimps contribute to increase in profit in seafood export. Last year, India’s seafood export revenue hit a record with Rs 45,106 croreIn 2017, prawn farming touched 6 lakh ton in India. Meanwhile, a group of farmers noted that the price may rise due to the fall in productionHowever, India targets US market for seafood export after European Union has initiated strict conditions on import
Mathrubhumi 2018