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India saw its seafood exports in the last fiscal year drop in both value and volume, primarily due to the COVID-19 pandemic and lower demand in key markets.
The country exported seafood worth USD 5.96 billion (EUR 4.9 billion) in the 2020-21 fiscal year ending on 31 March, a decline of 10.8 percent year-on-year. India’s seafood exports also slid by volume to 1.15 million metric tons (MT), down 10.8 percent compared to 2019-20, The Times of India reported 5 June.
India’s Marine Products Export Development Authority (MPEDA) Chairman K S Srinivas said exports recovered in the last quarter of the last fiscal year following decreases in the previous quarters due to the pandemic.