frozen shrimp : a potential international commodity
TRANSCRIPT
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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/