Topic
seafood
Trade India to Release Export-Oriented Fisheries Policy Focusing on Inland Fishery
India's Animal Husbandry and Fisheries Minister Rajiv Ranjan Singh announced an upcoming export-oriented fisheries policy emphasizing inland fishery, which currently accounts for only 2% of India's fishery exports. He stated that fishery exports jumped by Rs 10,000 crore to over Rs 72,000 crore in 2025-26, crediting free trade agreements. The minister also highlighted transport bottlenecks and directed ICAR to study drone use for connecting inland fisheries to export hubs.
Commodities Garware Technical Fibres rides wave of non-salmon aquaculture expansion globally
Garware Technical Fibres Ltd is capitalizing on the rapid expansion of non-salmon aquaculture driven by government investments in Africa, the Middle East and Latin America. CEO Shujaul Rehman notes that while salmon remains the largest segment, non-salmon species represent the next growth phase. The company reported FY26 net profit of ₹211.27 crore on revenue of ₹1,418.98 crore, with international markets contributing 60% of revenue.
Supply Chain Kerala Fisheries Minister Calls for Strengthening Sustainable Refrigeration Technologies in Seafood Industry
Kerala Fisheries Minister V. E. Abdul Gafoor has called for adopting energy-efficient and sustainable refrigeration technologies to strengthen the seafood processing sector. Speaking at a workshop on natural refrigerant-based systems, he highlighted the importance of innovative cold-chain technologies to enhance product quality, export competitiveness, and reduce post-harvest losses. The event, part of the INDEE3 Project supported by the Norwegian Ministry of Foreign Affairs, featured experts from research institutions, industry, and government.
Regulations & Compliance CMFRI Drafts National Marine Eco-labelling Framework to Boost Indian Seafood Exports
The ICAR-Central Marine Fisheries Research Institute (CMFRI) has published a draft discussion paper proposing a national framework for marine eco-labelling in India. The framework aims to regulate certification schemes, safeguard traditional fishing communities, and improve the global competitiveness of Indian seafood products.
Commodities Cod Prices Surge Amid Supply Challenges and Consumer Loyalty
Cod prices have surged to unprecedented levels due to fishing quotas and geopolitical tensions, forcing UK fish and chip shops to diversify their offerings. Despite the price hike, consumer loyalty to cod remains strong.
Trade India Aims for $30 Billion Seafood Export by 2031
India's Commerce Minister Piyush Goyal announced a target to increase seafood exports to $30 billion by 2031, emphasizing value addition and quality. The strategy includes leveraging free trade agreements and reducing raw shrimp imports.
Trade India–Oman CEPA Boosts Seafood Exports from Chennai
India's first chilled fish consignment to Oman under the India–Oman CEPA was dispatched from Chennai on June 1, 2026. The agreement eliminates import duties on marine products, enhancing India's competitive edge in the Gulf region.
Trade India's Seafood Exports Reach Record High in 2025-26
India's seafood exports reached a record 19,72,018 metric tonnes worth ₹73,890.46 crore ($8.46 billion) in 2025-26. The United States and China were the top importers, with frozen shrimp leading the export basket.