When we talk about the export of frozen [Indian] mackerel from India, the last two financial years in particular, show a boom in export revenue. So, while the business from India has been growing, the question now - is it stable enough to take the plunge? The Dollar Business analyses.
By Anishaa Kumar | March 2018 Issue | The Dollar Business
Indian seafood, despite ongoing challenges of quality and certification have always been abuzz with activity when it comes to contribution to exports. In the past too, The Dollar Business has taken a look at the export potential of many of these seafood products – big and small. The consensus always remaining the same – any seafood export is a product of high potential. But what makes mackerel stand out is its export earnings over the last two financial years.
A popular ingredient in many dishes across south and east India, mackerel also finds large demand in countries like Vietnam which are not only major importers but also contribute their own share to global exports. India exports a variety of mackerel with the Indian mackerel being the main type. The two most common types of mackerel that are exported globally included the Rastrelliger Brachysoma (Indo-Pacific Mackerel) and the Rastrelliger Kanagurta (Indian Mackerel).
But, with the wide range of seafood exports from India, the questions always raised by new entrants into the market is are Indian exports of the particular seafood variety capable and do they have the opportunity for expanding exports in the coming days? And most importantly, is it worth the risks?
India’s export of mackerel has been growing steadily over the years. But the biggest change was seen in FY2017, when the exports of mackerel ...