Page 21 - Think Grain Think Feed-Jan24

www.benisonmedia.com INDUSTRY THOUGHT Think Grain Think Feed - Volume 10 | Issue 3 | Jan 2024 that country which is shrimp farming sector. this segment. Overall, the www.benisonmedia.com

Think Grain Think Feed - Volume 10 | Issue 3 | Jan 2024

Image Source: Outlook India
fish sector is expected to
currently the top producer of
India is no more in
grow in 2024.
shrimp in the world and that
isolation:
may change the picture and
lead to higher stocking in
India:
worked 10 years ago for the
India. Marketing strategies that New feed mills in North
Indian Shrimp industry are
Along with fish sector
Unified marketing no longer relevant in the growth in North & East India,
approach: present scenario. Today, India feed manufacturers are also
With increased production, is one of the biggest global investing in the region. Even
there is an urgent need for suppliers of shrimp and some established players
unified marketing efforts. hence it needs to be from South India might
Traditionally, the USA, competitive enough to invest in states like Bihar, UP,
Europe, and Japan have been remain in business. Buyers Orissa, West Bengal, etc. A
the export destinations for have also become more large project for producing
Indian shrimp and recently stringent with respect to Rainbow Trout is being
China has become an certifications, zero tolerance established in Kashmir and
on antibiotic residues, etc.
will come into production in
important destination also.
2023 Review of While there has been So, compliance requirements 2024.
2023 Review of
reduced demand from Japan
are high. The quality of
Crises in fishmeal and fish
Indian Aquaculture due to low consumption, it is Indian shrimp has improved oil:
Indian Aquaculture
in the past few years, but this
compensated for by China
Major producing areas of
message should reach the
which is importing more
shrimp. The need for world market more fishmeal and fish oil in South
America are highly impacted
combined efforts among the effectively. by El Nino. Hence, there was
supplying countries is Fish industry: lesser availability of both
recognized now, thus
Due to its over-dependence importing countries bargained for lower prices India is a major producer of ingredients and increased
on export markets, 2023 because of oversupply and did not pass their initiatives are started where freshwater fish like carp and exports from India. The
proved to be a struggling benefits to the consumers. seafood export associations Pangasius. Pangasius can be prices of fishmeal went up
year for the Indian Mismatch in Imports & Production Figures: from different countries are cultured in high densities so from USD 1500 to USD 2000
coming together to create
Aquaculture sector. Victor As per available data from various sources, India it is a preferred species for per tonne and fish oil prices
Suresh, a well-versed aqua imported 25% fewer broodstocks compared to the one message for the world culture all over India. In 2023, went up from USD 2000-
market in the hope that it
professional, shares his previous year but this reduction is not reflected in the price of Pangasius 2500 to USD 5000 per tonne.
insights. the production and export data. Society of can boost shrimp declined for most of the year There is no alternative
consumption in all markets. and farmers in Andhra
Oversupply and Stagnant Aquaculture Professionals (SAP) in their annual available in the required
Demand: shrimp crop review meeting on January 5, 2024, Developing Domestic Pradesh where Pangasius is quality and quantity to
Market: widely farmed, lost money.
On one side, there has been came up with a preliminary production estimate of replace fishmeal and fish oil.
India, with the largest Expanding fish culture in Whether it is insect meal or
an oversupply of shrimp in 8-9 lakh tonnes in 2023.
the global market, and on Farmers' Sentiment: population in the world, has Northern and Eastern India algal oil, the volume of
the other side, the demand Due to the prevailing negative sentiment, farmers great potential for domestic puts pressure on the price of production is nowhere near
Victor Suresh has remained subdued due may not stock as they used to and hence there consumption. However, it fish in AP which depends on the demand, therefore
to inflation in the US, would be a reduced production expected in 2024. needs infrastructure the northern and eastern alternatives are constrained.
Europe, and China, our Almost all presenters at the Shrimp Crop 2023 development to fully realize markets for consumption. I feel 2024 is going to be
this potential. Industry However, markets for fish are
major markets. Both these Review meeting by SAP opined that the another tough year with
factors resulted in lower production would be lower by 20-25%. Global players and farmers are expanding with the rising various challenges like 2023
prices for the farmers. There production might keep increasing, particularly in beginning to see this as an demand for processed or but the aquaculture sector is
was, however, little to no South America which is better in genetics, disease opportunity. Additionally, ready-to-cook fish, which are used to meeting challenges
difference in prices at the management, and scale of production as there are campaigns to increase largely imported from well and we will see the
consumer level in the fewer players. However, the recent developments consumer awareness are Vietnam. Indian companies, same in 2024 too.
attaining importance among especially from Andhra
markets, therefore it may be in Ecuador may result in lowered production in
assumed that buyers in the the stakeholders of the Pradesh, are also exploring
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