How does the COVID-19 epidemic affect Indian shrimp industry?

Published 2020년 6월 12일

Tridge summary

India's shrimp industry has seen a significant growth in 2019, with a 31% increase in production to 804,000 tons and an 8% rise in exports to 667,140 tons, primarily due to a surge in demand for animal protein during the COVID-19 pandemic. The US remained India's leading shrimp supplier, followed by China, the European Union, Japan, Vietnam, and the UAE. However, the industry faces challenges such as a shortage of shrimp seed and a decrease in demand due to restaurant closures during the pandemic. In response, the Indian government has pledged to guarantee a minimum price for farmers and is taking steps to increase shrimp seed production. The country also experienced a decline in fish meal and oil production in the first quarter of 2020, compared to the same period in 2019.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India has a coastline of 8,188 km through 9 states and 4 surrounding territories. The shrimp industry is one of the growing protein industries and provides important foreign exchange earnings for India. The demand for animal protein is increasing due to the COVID-19 pandemic, which not only caused a major transformation in the global economy but also affected the shopping behavior of many people around the world, according to the Global Aquaculture Alliance. India's shrimp farming area currently covers more than 176,000 hectares of which about 160,000 hectares (91%) are used to stock Pacific white shrimp (Litopenaeus vannamei), about 14,080 hectares (8%) for shrimp farming. giant tiger shrimp (Penaeus monodon) and around 1,760 ha (1%) for giant freshwater shrimp (Macrobrachium rosenbergii). Data from India's Ministry of Trade and Industry shows that annual shrimp production has increased by 31% to 804,000 tons in 2019 from 615,692 tons in 2018 and shrimp exports increased by 8% to ...

Source: AgroInfo.vn