{"id":123423,"date":"2025-11-05T16:18:09","date_gmt":"2025-11-05T16:18:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/123423\/"},"modified":"2025-11-05T16:18:09","modified_gmt":"2025-11-05T16:18:09","slug":"seafood-exporters-seek-market-diversification-value-addition-amid-us-tariff-blow","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/123423\/","title":{"rendered":"Seafood exporters seek market diversification, value addition amid US tariff blow"},"content":{"rendered":"

Home<\/a> \u00bb General<\/a> \u00bb Business<\/a> \u00bb Seafood exporters seek market diversification, value addition amid US tariff blow<\/p>\n

\"Seafood<\/a><\/p>\n

Kochi, Nov 5 (SocialNews.XYZ) India\u2019s seafood industry is bracing for a major hit following the recent hike in US tariffs, with stakeholders and policymakers calling for urgent market diversification, stronger value addition, and technology-led innovation to sustain export momentum.<\/p>\n

The issue dominated discussions on Wednesday at the Industry Meet held on the sidelines of the fourth International Symposium on Marine Ecosystems (MECOS 4) at the ICAR-Central Marine Fisheries Research Institute (CMFRI).<\/p>\n

Marine Products Export Development Authority (MPEDA) Director, Dr Ram Mohan, said India\u2019s seafood exports to the US — its largest market — fell nearly 6 per cent during April\u2013September 2025.<\/p>\n

Meanwhile, shipments to China, Vietnam, and Thailand showed robust growth, signalling a gradual realignment towards Asian markets. “Combined with anti-dumping and countervailing duties, the effective tariff now stands at 58.26 per cent, sharply eroding India\u2019s competitiveness in its top export destination,” Dr Mohan said.<\/p>\n

Emphasising the need for innovation, ICAR-Central Institute of Fisheries Technology (CIFT) Director, Dr George Ninan, said a technology-driven startup ecosystem integrating researchers, technologists, and industry players is vital for driving product innovation and value enhancement.<\/p>\n

The meet recommended reprocessing and producing high-value seafood products such as breaded squid rings, surimi, and ready-to-eat fillets to boost revenue. India\u2019s value-added seafood exports currently stand at $742 million, far behind competitors like China, Thailand, Vietnam, Ecuador, and Indonesia.<\/p>\n

Delegates urged the creation of exclusive aquaculture zones and the fast-tracking of Free Trade Agreements (FTAs) to regain global competitiveness.<\/p>\n

“The US has long been India\u2019s largest shrimp market, but the new tariff regime, coupled with sustainability and traceability concerns, has disrupted trade flows and hurt export earnings,” said A.J. Tharakan of the Seafood Exporters Association of India.<\/p>\n

CMFRI Director Dr Grinson George said stakeholder concerns from exporters and fish farmers to feed manufacturers will be compiled into a policy roadmap emerging from MECOS deliberations.<\/p>\n

The session was coordinated by Dr Joe K. Kizhakudan.<\/p>\n

Source: IANS<\/p>\n

\"SeafoodAbout Gopi<\/a><\/p>\n

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. <\/p>\n

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.<\/p>\n

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.<\/p>\n

\nHe can be reached at gopi@socialnews.xyz<\/a><\/p>\n

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