News

India opens market for farmed and captured fish from Brazil

India
Brazil
Market & Price Trends
Published Apr 20, 2024

Tridge summary

Brazil has been granted permission by India to export both farmed and captured fish, a significant step in enhancing agricultural trade between the two nations. This approval follows a meeting between Brazil's Minister of Agriculture and Livestock, Carlos Fávaro, and India's Minister of Fisheries, Livestock and Dairy, Kamala V Rao, in November. The agreement builds on India's earlier decision to allow imports of Brazilian açaí powder and juice. With Brazil having exported over 12 thousand tons of fish to approximately 90 countries in the first quarter of the year, this new development is seen as an opportunity to further expand its agricultural products' international presence and support its domestic economy through strategic market openings.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Brazil will be able to export farmed fish (aquaculture) and captured fish (extractive fishing) to India, the Ministry of Agriculture said in a note. The opening of the market was confirmed by Indian authorities to the Brazilian government this Friday. In the note, the ministry recalled that the Minister of Agriculture and Livestock, Carlos Fávaro, met with the Minister of Fisheries, Livestock and Dairy of India, Kamala V Rao, in November last year. Last year, India also authorized the import of Brazilian açaí powder and açaí juice. According to data from the Brazilian Agribusiness Foreign Trade Statistics System (Agrostat), India was the 12th main destination for Brazilian agricultural exports last year, with shipments of US$2.9 billion, with sugar and soybean oil predominating. the agenda. In the first quarter of this year, Brazil exported more than 12 thousand tons of fish to around 90 countries, with revenue of US$ 193 million, 160% more in the annual comparison. “We remain ...
Source: CanalRural
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