Russia's food import ban may create opportunities for Indian producers.

Indo-Russia consultants and export firms are contacting major Indian seafood exporters to fill the gap and book more consignments to Russia, reports The Hindu.

This comes on the heels of Russia's ban on food imports form major trade partners -- the EU, Norway, US, Canada and Australia -- as turmoil between Russia and the Ukraine continues.

According to the Marine Products Export Development Authority (MPEDA) authorities, India is exporting 7,400 tonnes seafood including shrimp and other fish varieties, valued about INR310 crore, to Russia a year. The marine products are being exported through air and waterways.

“Russia is importing cheese, fruits, fish, poultry, pork and vegetables from other countries. Chances are high for India to increase seafood exports to Russia at this juncture. Some Indo-US and Indo-Russia consulting firms are offering services to find Russian buyers and negotiate with them if Indian exporters are ready to export enough volume of marine products,” MPEDA Vijayawada region deputy director S. Kandan told the newspaper.

MPEDA is contacting major exporters, who can get good foreign exchange to India, Kandan said.

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