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Realisation (in dollars) from seafood export is expected to drop by a tenth in 2018-19, with a surge in production of Vannamei shrimp from key producing nations and lower American demand.According to a report by CRISIL Research, seafood export will grow 17-18 per cent in this financial year, 500-700 basis points (bps) slower than the 23 per cent and 25 per cent rates in FY17 and FY18. "Still robust, as that growth would come over a high base," it said.In value terms, export is expected to cross $8 billion (Rs 539 bn). Export volume is seen growing 20-21 per cent, apace with the past two years, the report added.Realisations from the US, the largest importer of Indian shrimp, rocketed during FY14 and FY15 but softened in FY16 as supply improved.The impact of declining demand is visible already, as international shrimp prices traded seven per cent year-on-year lower on average between December 2017 and February 2018. Intensifying to a 11 per cent drop in March and expected to fall ...

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