Cumulative marine exports down

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Cumulative marine exports during April to January in FY 2020-21 have shown a decline of 20.54 per cent in volume, 13.32 per cent in rupee value and 17.01 per cent in US$ earnings compared to the same period last year, the Marine Products Export Development Authority (MPEDA) has been reported as saying. In value terms (US$), exports to China have seen a 40 per cent decline during April-December of FY21, while volume is seen lower by 36 per cent. Seafood inventory levels in China are reported to be very high and hence no new purchase orders are being issued. Japanese authorities, after on-site verification of the systems in India, have completely lifted the inspections. Now, Indian black tiger shrimps are subjected to routine random sampling, as per reports.