The US and South East Asia, particularly China, are the major buyers of Indian seafood.
Increase in the prices of raw materials has also affected the profitability of companies.
China buys huge quantities from India, particularly the high heat varieties.
Exports to Iran have come to a standstill since May with the expiry of the US sanctions waiver to India for six months.
In the past few months costly maize, the main ingredient of poultry feed, increased the cost of production, with the result that farm-gate prices of poultry increased around 20% year-on-year.
Vietnam is selling pepper at $2,800 per tonne, less than half the price of $6,000/tonne by India.
The company plans to open outlets on franchisee basis in other places in Kerala and Tamil Nadu where there is tourism potential.
According to some estimates, the production could slump 60-70%.
The seafood industry feels the need for sustainable aquaculture to counter setbacks and increase production.
The multi-state paddy farmers association proposes to add 500 core paddy farmers and thousands of associate members.
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