UAE food sales projected to grow by 7pc

Posted on 07 Nov 16 19:16 pm | Written by TradeArabia News Service

The UAE’s seafood demand is set for rapid growth over the next four years, with an eight per cent compound annual growth rate (CAGR) in fish and fish product sales in the UAE alone leading up to 2020. The report cites growth across all three sub-sectors of consumable seafood: fish, shellfish and preserved fish, and other preserved or processed fish and seafood, at annual average rates of 8.2 per cent, 7.9 per cent and 6.3 per cent, respectively, by 2020.

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Seafood exports record marginal dip in FY16

Posted on 30 Jul 16 19:16 pm | Written by Business Standard

Weighed down by various factors, seafood from the country witnessed a dip in both quantity and value terms in 2015-16 compared to the previous fiscal, MPEDA said today.

Seafood exports in 2015-16 stood at 9,45,892 tonnes worth USD 4.7 billion as against the record one million tonnes exported in the financial year 2014-15 for USD 5.5 billion.

Frozen shrimp continued to be the major export item in the last fiscal, followed by frozen fish, Marine Products Export Development Authority (MPEDA) said.
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