Shortage of sardines costs Kerala Rs 150 cr in 2015: Report, Business Standard dated 7th July 2016

CMFRI, Library (2016) Shortage of sardines costs Kerala Rs 150 cr in 2015: Report, Business Standard dated 7th July 2016. Business Standard.

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Abstract

The fisheries sector in Kerala has suffered a loss of Rs 150 crore in 2015 due to sharp fall in the availability of oil sardines, according to a study by the Central Marine Fisheries Research Institute (CMFRI). The CMFRI submitted the report to Minister for Fisheries, J. Mercykutty Amma, on Thursday at a consultative meeting of the research and academic institutes in fisheries sector convened by the minister held at the CMFRI here. The sardine shortage in the last year resulted in 28.2 per cent loss in employment in the sector and 45.8 per cent in wage share. Average price increase for the sardine consumers in the state went up from Rs 26 to Rs 65, said the report. The report points that after 2012, there has been serious disruption in the timing of breeding time and strength of environmental events like upwelling in the Arabian Sea. Besides, 2015 was a strong El Nino year with reduced rainfall and increased sea surface temperature.

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