Indian Shrimp Industry - Local Market Development Requirement
__
<p style="text-align: justify;"><span data-contrast="auto">Currently, it is not diseases that are of the biggest concern in the Vannamei shrimp industry in SE Asia and the Indian subcontinent.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">Perhaps yes, for some in smaller locations, but this is more down to poor management principles.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">A simple look at the price trends of shrimp indicates that when diseases are rampant, then shrimp prices go up. Right now, prices are low.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">No - the biggest issue facing Indian farmers is the selling price paid! </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">Prices will come down further on the commodity - a volume play. With Ecuador looking to produce 1.5MMT in 2023 and able to sell with the lowest prices on the market, this adds extra pressure for finding a home for domestic production. Ecuador also has the potential to ramp up to a much higher volume output over time - so look out rest-of-the-world.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">To this end, India must harness its 1.4bn population to support the local domestic consumption of farmed shrimp.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">Shrimp is a healthy, cheap protein source, and a local generic shrimp marketing program supported by the Indian government would not go amiss.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto"> </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><h2 style="text-align: justify;"><span style="font-size: 14pt;" data-contrast="auto">Innovations in Shrimp Industry</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></h2><p style="text-align: justify;"> </p><p style="text-align: justify;"><span data-contrast="auto">Shrimp-specific food service restaurants, as are e-commerce shrimp-to-home delivery systems, are starting to appear. </span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">Innovations like the steamans.com VapTap v.3 unit healthily steam cooks from frozen raw shrimp and addresses safe food storage and final delivery - sterilizing the shrimp on the spot for the end consumer - a possible food safety concern in India.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"><span data-contrast="auto">The rapidly growing shrimp export industry is under pressure, and pivoting some energy to domesticate sales would not go amiss currently.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p><p style="text-align: justify;"> </p><p style="text-align: justify;"> </p><p style="text-align: justify;"> </p><p style="text-align: justify;"><span style="font-size: 10pt;"><em>This article was contributed by our expert <a href="https://www.linkedin.com/in/aquafood/" target="_blank" rel="noopener">Patrick Wood</a> </em></span></p><p style="text-align: justify;"> </p><p style="text-align: justify;"> </p><h3 style="text-align: justify;"><span style="font-size: 18pt;">Frequently Asked Questions Answered by Patrick Wood </span></h3><h3 style="text-align: justify;"> </h3><h2 style="text-align: justify;"><span style="font-size: 12pt;">1. What are the main challenges faced by the Indian vannamei shrimp industry regarding disease management and sustainable farming practices?</span></h2><p>A poor understanding of shrimp husbandry that only time, knowledge, and experience can overcome. </p><p>In other words, education on shrimp husbandry, not silver bullet products or snake oil.</p><p> </p><p> </p><h2><span style="font-size: 12pt;">2. What steps can be taken to strengthen the integration between the rapidly growing shrimp export industry and the local market development in India?</span></h2><p>Two totally separate avenues. </p><p>Rapidly growing export market not integrated with the local market. It can be via the same packer but different requirements and technical aspects for exporting requirements as to local. A commercial issue, too - pricing.</p><p> </p><p> </p><p> </p>
KR Expert - Patrick Wood
Core Services
Human insights are irreplaceable in business decision making. Businesses rely on Knowledge Ridge to access valuable insights from custom-vetted experts across diverse specialties and industries globally.
Phone Interviews
Our flagship service, phone consultations, enables you to get access to first-hand, grass-root level information from our global expert network to form or validate your hypothesis.
Targeted Custom Surveys
Have a customized questionnaire for a pre-sampled population to understand customer preferences imperative to your product portfolio.
Term Engagements
Our expert, or a group of experts, guides you to validate a critical project or an assignment.
Executive/Board Placements
Concentrate your efforts on the core competencies of your business while we identify the next precise fit for your team.
Premium Insights
Stay ahead of the competition with our refined and customized Premium Insights. Unlock exclusive knowledge and expertise!
500+