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November 24, 2008
 
India Aqua Weekly: Fish prices continue their upward movement (week ended November 21, 2008)

An eFeedLink Exclusive
 

Price Summary
 
There was an upward trend this week for fish prices.
 
Although Rahu (Andhra) suffered a loss of Rs. 200 per 100 kg this week, Hilsa and Rahu (Local), gained Rs. 500 and Rs. 300 respectively as compared to last week's prices.
 
There was a noticeable climb in prawn prices in all its categories 'a', 'b' and 'c' with at Rs. 1, 000 in each category.
 
 
Market Analysis
 
The National Fish workers' Forum (NFF), the apex body of state level fish workers' unions, have demanded that around Rs. 5000 million loan of fish workers be waived and their right to reside within 500 meters from the coast and their traditional rights for conventional use of marine resources be legally established.
 
The NFF chairperson, Mr. Harekrishna Debnath said that, "we have had a discussion with the Food and Agriculture Minister, Mr. Sharad Pawar and he has assured us that the Ministry would take up the issue of waivers for the fishing community with concerned authorities to sort out technicalities of the matter."
 
Debnath said the benefits have not reached the people even though the government of India has included loan along with the Rs. 600,000 million, farm loan waiver scheme a few weeks after the budget following demand from the fishing unions.
 
 
Bringing together the most promising heads in aquaculture

Heralding a new era of opportunity and development, the Marine Products Export Development Authority (MPEDA) organizes the INDAQUA 2009, a mega exposition on aquaculture.  India seeks to consolidate its resources and technology and propel the sector into a new era of business and prosperity.

The MPEDA had organized three INDAQUA expositions in 1993, 1995 and 2007 at Chennai, which had a deep impact on coastal aquaculture in the country. It is expected that INDAQUA-2009, the fourth in the series will give further push to the aquaculture sector enabling it to formulate strategies for optimizing the utilization of our aquaculture resources.
 
In aquaculture, India is the largest producer after China. During the year 2006-07 the exports of marine products from the country stood at over 612,000 million tonnes, with a value of US$1,853 million. Shrimp continued to be the mainstay of seafood exports, contributing more than 54 percent in terms of value. India plans to increase production of brackish water species to at least 1 million tonnes by 2017.
 
MPEDA proposes to implement mission mode programmes in Gujarat, Maharashtra and Orissa. There would be 50,500 hectares in Gujarat, 27,500 ha in Maharashtra and 20,350 ha in Orissa. This is expected to generate at least 5 million additional job opportunities in the country besides the increased export earnings, which are projected at US$6 billion.
 

Market Forecast
 
Fish prices are likely to remain stable with hardly any variation in prices in the coming week as compared to the current week.
 

Weekly transacted prices of major seafood species in India

Varieties

Prices as of Nov 13
(Rs/ 100 kg)

Prices as of Nov 21
(Rs/ 100 kg)

Price change
(Rs/ 100 kg)

Hilsa

Rs,    19, 000

Rs,    19, 500

500

Rahu (Andhra)

Rs.      5, 300

Rs.      5, 100

-200

Rahu (Local)

Rs.      7, 000 

Rs.      7, 300

300

Prawn zambo a

Rs.    29, 000

Rs.    30, 000

1, 000 

Prawn zambo b

Rs.    21, 500

Rs.    22, 500

1, 000 

Prawn zambo c

Rs.    12, 000 

Rs.    13, 000

1, 000 

US $ 1 = Rs. 49.910 (Nov 24, 2008)


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