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Market Reports

March 20, 2009
  
India Aqua Weekly: India accounts for six percent of global aquaculture production (week ended Mar 19, 2009)
 
An eFeedLink Exclusive
 
 
Price Summary
 
After showing some odd trends in the previous week, the stability in prices has broken this week and three out of the six varieties of fish were with upward trend.
 
The concluding week showed an upward trend in price of Prawn (A) category, which zoomed again to RS33, 000 per 100 kilograms as compared to last week's price of RS31, 000 giving a jump of RS2, 000 per 100 kilograms.
 
However, after sustaining for the last three weeks, prices have jumped by RS500 in each category of Rahu (Andhra) and Rahu (Local) and were traded at RS5, 500 and RS8, 500 per 100 kgs with last week prices of RS5, 000 and RS8, 000 per 100 kgs respectively.   
 
Otherwise, the remaining three varieties of fish - Hilsa , Prawn (B) and Prawn ( C) remained stable in the last concluding week. 
 
 
Market Analysis
  
Aquaculture production has grown by 45 percent while the growth of global capture fisheries has more or less stagnated during the current decade since 2000.    
 
The top contributor to the global aquaculture production has been China, which accounts for 34.43 million tonnes or 67 percent of the global aquaculture production.
 
India is a distant second accounting for just six percent of the global production followed by Thailand and Vietnam with 3.2 percent each and Indonesia with 2.5 percent, a paper by Ms Shirlene Maria Anthonysamy of Infofish has said.
 
One prime reason for the low position of India was because aquaculture production was heavily tilted towards carps, barbells and other fish species, which accounted for 43 percent of the global production, while shrimp accounted for just seven percent.
 
Domestic aquaculture production is heavily dependent on shrimp both in terms of value and quantity. Global aquaculture shrimp production has been raised sharply since 1996 and touched 3.18 million tonnes in 2006, almost on par with global captured shrimp in quantity.
  
On the other hand, the Syndicate Bank of India plans to join hand with the Marine Products Export Development Authority (MPEDA) to provide financial assistance to fishermen in a bid to bolster the tuna catch from the coastal and deep-sea waters of the Indian ocean.
 
One of the objectives of the scheme is to introduce more resource-specific deep sea fishing vessels to the Indian fleet. MPEDA would also strive to offer hassle-free bank loan facility to fishermen, better realization and an assured buyback package. MPEDA already extends assistance of RS0.75 million for converting vessels below 20 meters into tuna long liners and RS1.5 million for vessels over 20 meters.
 
The Chairman and Managing Director of Syndicate Bank, Mr. George Joseph has held discussions with Mr. G. Mohan Kumar, MPEDA Chairman, regarding the extension of financial assistance to promote tuna long-lining.
 
Even, one of the pioneers in tuna fisheries in India, Moon Fishery India would also associate with the bank in providing a comprehensive package for the conversion of existing fishing vessels to tuna long liners.
 
On the other hand, A massive rally is being organized here on last Tuesday (March 16) to protest against the possible demolition of fishermen's houses, which have been termed illegal by the State Government.
 
 
Market Forecast
 
Still the trends in the aqua markets remained stable in the coming week due to poor off take in the market.
 
However, Prawn category variety of 'a', which, took a jump from the last two week would likely to remained stable in the coming week.
 
Weekly transacted prices of major seafood species in India
Varieties
Prices as Mar 12, 2009
(Rs/ 100 kg)
Prices as Mar 19, 2009
(Rs/ 100 kg)
Price change
(Rs/ 100 kg)
Hilsa
Rs.    22, 500
Rs.    22, 500
     Stable 
Rahu (Andhra)
Rs.      5, 000
Rs.      5, 500
 + RS.     500.00  
Rahu (Local)
Rs.      8, 000 
Rs.      8, 000
     Stable
Prawn zambo a
Rs.    31, 000
Rs.    33, 000 
 + RS. 2, 000.00
Prawn zambo b
Rs.    20, 000
Rs.    20, 000
     Stable
Prawn zambo c
Rs.    12, 500 
Rs.    12, 500
     Stable
US$1 = Rs. 50.13 (Mar 20, 2009) 
 


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