World Scenario Of Fishery
Total world fish production in 2000 was estimated at a record 129.42 million times (as compared to 124.4 m tonne in 1999). The decline in 1998 was due to the “El Nino” phenomenon which affected catches of small pelages fishes in South America (Peru & adjoining coastal lines). China is now by far the top producer of fish with 30 million tonnes in 1999 The world import of fish product expanded in 1999 in value.(Fishery)
terms to reach US $ 57,600 million. Out of this, developed countries accounted for more than 80% of the total. Japan is the biggest importer accounting for over 25% of the global total. The EC is depending on over 35% of the share for its fish imports. Thailand and Norway are the world’s major exporters of fish products in value terms accounting for 16% each of total world trade. US, besides being the world’s fourth major exporting country is the second biggest importer of fish products. The net earnings of foreign exchange by developing countries – (deducting their imports for the total value of their exports) is impressive. The net earnings rose from US $ 5200 million in 1985 to US $ 15600 million in ’99. For most of the developing countries, fish trade is a significant contribution in foreign currency earnings.
Current status of world Fishery
The world market was characterized by an overall growth is demand while supplies tightened, (India needs to take advantage of this situation), EU, US showed an increase in demand while Japan showed a decline in demand. This would invariably shoot up the prices of fisheries products.
Review by commodity
World’s most important fish accounting for over 20% of international trade (in value terms)
1. Tuna (Asia)
2. Ground fish
3. Cephalopod (Japan, Korea are leaders
4. Indian Scenario
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