8/14/2019 Frozen shrimp : A Potential International Commodity

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FRO ZE N S

H RI MP

Apotentia

lInter

natio

nal

Com

modity

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INTRODUCTION

One of the largest and fastest growing International Commodity.

Worth > 60 billion USD per year (twice the combined world trade in Tea,Coffee & Cocoa)

Almost 200 countries with more than 800 + species Product Range takes 100 of forms ranging from canned tuna to fish oil.

ECONOMY OF MANY COUNTRIES depend on it

Share of fish in global agricultural commodity trade (major commodities22%

Shrimp is the most important seafood species entering international trade -Shrimp is the most important seafood species entering international trade -aboutabout 20%20% of the totalof the total

about one-third of its production enters the intnl tradeabout one-third of its production enters the intnl trade

Global productionGlobal production ~ 3 billion MT~ 3 billion MT

40 countries produce (15 produce 80% of total)40 countries produce (15 produce 80% of total)

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Global scenario

The creat ion of ex clu sive economi c z ones(EEZs) in 1 977 and UN Conv ent io n on t he Lawof the Se as ( UNCLOS) UNDER FAO Est ab li shed by the C ommit tee on

Fi sheri es (COFI) (1985) In 1995,URUGUAY ro und , Int ernati onal C odeof Conduct for R esp onsi ble Fi sheri es CAC FROM 1 995 has been actively stre ngthening i tswo rk b ased The rol e of reg iona l free trad e ag reem ent s

suc h as the (ASEA N) wi ll b e si gni fi cant i nremovi ng barri ers to sout h- sout h trade On a gl obal level , W TO and the U N or gani zatio ns ar ethe mai n acto rs that s hape the re gulato ry framew orkon fish trad e The WTO Mini ster ial Decl aratio n in Doha inNovemb er 2 001

APFIC , SE AFDEC , NACA, IN FO FI SH .

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TopExp orte rs Top Imp orte rs

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GMT R OF SHRI MP

Import

Export

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Indian Scenario

The share of marine productexports has steadily grown over

the years; from a mere Rs.3.92

crore in 1961-62 to Rs.8363.53

crore in 2006-07 accounting for

approximately 1.4% of the total

exports from India.

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Shrimp Value Chain in India

Average share of Final Export Price 25-35% 5 -10%20% 35-50%

Seasonality and Spot Markets

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International Commodity Futures Trade

for Frozen Shrimp

(1)M in nea po lis Grai n Excha ng e, US(si nce 199 4)(2 )K an sai Co mm odi ty Exch an ge , Osa ka , Ja pa n

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Market Influencing Factors

Mushrooming of Supermarkets in

developing countries

Lack of Awareness about Food Safety and

Quality

Anti-Dumping Issues

Degradation of USD

Introduction of Vennamei for culture is a

major threat to Tiger shrimp

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To strengthen the commodity

FROZEN SHRIMP

(2) Ma ki ng the ex po rtab le co mmo dit y intodomes ti c br an d Time has come to make this exportable commodity to a domesticbrand through Retail chains & supermarkets.By this, we can improvethe value chain & the farmer will get his proper return.

It is not good to depend always on USD. Betterwe should think of domestic market which is having hugepotential.(more than 650 million people are non vegetarian)

(1) New Exp ort De st in ati on is EU

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REFERENCES www.commerce.nic.in

Info Fish Trade News MPEDA,2007

FAO statistics

Economic Review,2007

Valdimarsson G :Challenges for the global seafood

industry

UNCTADPresented by

Nihar Ranjan Das

PGDM(Agribusiness)2008-10 BatchIIPM,Bangalore

http://www.commerce.nic.in/http://www.commerce.nic.in/