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Market Reports

May 28, 2009 
 
India Aqua weekly: India seafood exporters ask for separate fishery ministry (Week ended May 27, 2009)
 
An eFeedLink Exclusive
 
 
Price Summary
 
The last concluding week remained in the negative trend with a third of the commodities remained stable and the final 33 percent was not even traded due to poor arrivals as well as demand in the market. Species like Hilsa and Prawn category "A" varieties were not available as well as not traded in the aqua market.
 
However, Rahu (Andhra & Local) varieties available in the market are in the negative mode. Both varieties were Rs500 down and traded at Rs3, 500 and Rs7, 000 per 100 kgs. as compared to last week's prices of Rs4, 000 and Rs.8, 000 per 100 kgs respectively.
 
The remaining varieties including Prawn "B" and "C" species remained stable and settled at last week's prices of Rs12, 500 and Rs8, 000 per 100 kgs respectively. 
 
 
Market Analysis
 
The aquaculture and farming operations of the seafood industry falls under the Agricultural ministry, the financial aspect comes under the purview of the finance ministry, the Marine Products Export Development Authority (MPEDA) operates under the Commerce ministry and APEDA and other activities are part of the food processing ministry.
 
Seeing and observing all these points, Mr. Anwar Hashim, President, Seafood Exporters Association of India (SEAI) requested the Government of India that "A separate ministry will bring all these functions under one roof and help us improve business potential in a better way."
 
"This would be beneficial not only for us, but also for the five million people who are dependent on the industry including the fishing community," Mr. Hashim said. "If the industry gets a separate minister, it will help things move faster," he added.
 
 
Market Forecast
 
The trend remains a little bit down in the coming weeks due to summer season with high temperature and lukewarm response in the fish markets all over.  
 

Weekly Transacted Prices of Major Seafood Species in India

Varieties

Prices as of May 20, 2009 (Rs/100 kg) 

Prices as of May 27, 2009 (Rs/100 kg)

Price change
 (Rs/ 100 kg)

Hilsa

Not Traded

Not Traded

      N I L 

Rahu (Andhra)

Rs.      4, 000

Rs.      4, 000

 - Rs. 1, 000

Rahu (Local)

Rs.      7, 500 

Rs.      7, 500

 - Rs.     500   

Prawn zambo a

Rs.    25, 000

 Not Traded 

    Not Traded 

Prawn zambo b

Rs.    12, 500

Rs.    12, 500

    Stable 

Prawn zambo c

Rs.      8, 000 

Rs.      8, 000

    Stable 

US$1 = Rs.47.99 (May 28, 2009) 
 

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