Suisan Times

India Soon to Start Producing Vannamei Shrimp

April 30, 2008

“The Hindu,” a leading newspaper in India, reported that India is poised to start full-scale production of vannamei shrimp soon. India has been engaged in the cultivation of shrimp, mainly black tiger shrimp, but it has been losing competitiveness due to its rivals, including China and Thailand, exporting vannamei shrimp to the two major shrimp markets, Japan and the USA. China, in particular has made rapid progress in these markets. The selling price of vannamei from China is low. In fact, it is two thirds of the price of black tiger shrimp from India.

Mr. Anvar Hashim of the Seafood Exporters Association of India said that documental procedures required for vannamei cultivation by the Ministry of Agriculture were completed, but Mr. G. Mohan Kumar, head of the Marine Products Exports Development Agency said: “Formalities are in the last stage, but a final decision has not yet been made.”

Seafood exporters have been arguing that vannamei cultivation should be approved to make India internationally competitive, but the Indian government is taking a cautious stance because it doesn’t want to repeat the mistake of damaging the shrimp cultivation sector through a viral contamination such as the one that followed the introduction of a new species in the mid nineties.

No viral contamination was detected during the experimental cultivation carried out over two years at two companies, “Sharat Seafood” and “BMR Hatcheries,” in Andhra Pradesh.

The leader of the Fishworkers’ Union said: “If it doesn’t have a negative impact on India’s economy and environment, there is no need to negate vannamei cultivation. We welcome innovation and the introduction of new species, but it is important that any change will serve to strengthen the fisheries industry. Survival in the international marketplace is a crucial consideration in the current debate.”

NISSUI Estimates 1% growth, $70.1 Billion, for the First Semester

April 30, 2008

5% Growth of Professional Products - an Estimate of $72.4 Billion for This Term

It is likely that the frozen food section of Nihon Suisan will witness 1% growth to reach to an estimated $70.1 billion for the first semester. Due to incidents that created distrust in Chinese products in the summer of ’07 and also problems involving TenyoShokuhin, there was a 3% decrease in profit for commercial frozen food; on the other hand, professional grade frozen food, including the major six categories, indicated a steady 5% growth in the areas of regional and district sales, announced by Norio Hosomi, executive director of Food Dept, accompanied by Tetsuya Nitto, manager of Commercial Food Division, and EichiroYamabashi, manager of Professional Product Division.

Because of the aftermath of the TenyoShokuhin incident, a profit for commercial products dropped in both February and March, 20% and 19% respectively; However, in April, the price yield has stopped at 10%. In terms of professional use products, there was an increasing profit of 6% in February and 3% in March.

Nihon Suisan hopes to secure a 5% growth in professional grade products and the same amount of profit as last year for commercial products for the current term, totaling a gross profit of $72.4 billion. According to Mr. Hosomi, they are aiming to develop their new signature product, whichis anticipated to solely bring $10 billion to the company.

A new Hachikan plant in Hachido City, which construction is expected to complete early autumn, will be the central place to produce cream sauce and fishery items. The list includes squid tempura (ika tempura), deep-fried fish cakes (kakiage), deep-fried items (furai), as well as gratin.

They will tackle a further revision of prices, which will be affected by price raise of raw ingredients and difficulties in procuring them. This revision will revolve around improvement or elimination of products, such as a change in the standard.

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