As the shrimp production landscape changes and external factors play a growing role in the fates of exporters, there is a rising voice in India to develop the country's consumer market.
Indian shrimp farming has not had a good couple of years, with crashing prices, input cost hikes and production challenges putting significant strain on an industry that has seen huge growth over the last 20 years.
India's vannamei shrimp production had risen consistently, but the COVID-19 pandemic combined with Russia's war in Ukraine and the devastating effects of inflation, have contracted production by almost 15 percent over the last three years, with export value falling almost 30 percent, according to Gujarat shrimp producer Manoj Sharma.
