News Summary June 21, 2017
Today's Main Story: US Eases Rules For Indian Seafood Export
Today's opening story reports that the US Food and Drug Administration (FDA) has issued a list of 140-odd Indian seafood exporting entities to be excluded from that country's restrictive 'Detention Without Physical Examination (DWPE)' ambit. US import in 2016-17 was 1,88,617 tonnes of Indian seafood, amounting to $5.8 billion or nearly Rs 38,000 crore, about 22.7 percent more in quantity over the previous year and 30 percent in dollars.
In other news, the market for US origin sea scallops has fallen considerably since the start of the New Year; the result of some demand destruction and expectations for increased landings. Scallops have been trading at-or-close to record levels for four years, climbing almost continuously since the start of 2013. This long-term price action has resulted in a diminished call for scallops.
Experts argue that Oslo is standing its ground over shellfish in fear o
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