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Economy News, Latest Economic News Today | The HinduBusinessLine

GE, HAL clinch tech deal on joint jet engine plan India rejects USTR allegations, seeks termination of Section 301 probe Indian automobile sales record highest-ever sales in FY26, first time after FY19: SIAM Madhya Pradesh CM says basmati rice from the State is exported to 47 nations 63 Moons’ cybersecurity arm pilots GPS-spoofing solution at Indian airports Highways ministry notifies amendment to streamline fee for overloaded vehicles on NHs Global aviation crisis deepens as fuel shortage, Iran conflict hit airlines TRI launches agri-voltaic project to help farmers earn double income Hotel industry to hit $31 billion in 2029; listed hotel firms set to add 70k rooms by 2030: CBRE Temperatures may trend up over North-West, Central India until weekend Reduction in airport tariff credit neutral, minimal impact on revenue: Ind-Ra Global coffee prices rise as fertiliser costs and West Asia tensions threaten supply Bluspring Enterprises to acquire LSG Sky Chefs India, enters aviation catering sector China says policy to improve relations with India remains unchanged amid Arunachal naming row Research firms divided over impact of below normal monsoon on food inflation Unnat Krishi Mahotsav concludes, farmers to emerge as energy, fuel & hydrogen providers, says Gadkari Airlines may get ₹5,000 crore credit support under proposed ECLGS variant How kashmir’s breakthrough is making Gucchi mushroom farming possible Centre not taking away State’s power on bonus for agri produces, says FM Sitharaman Carriers cut flights on cost pressures, uncertain demand GE Aerospace scales AI from pilots to production; 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Marine experts demand traceability in fishmeal sector
2026-04-29 · via Economy News, Latest Economic News Today | The HinduBusinessLine
(representative image) Fishmeal, an integral part of the fisheries and aquaculture sector, needs sustainable practices to conserve resources and fetch better prices in domestic and international markets, said ICAR-Central Institute of Fisheries Technology Director George Ninan.

(representative image) Fishmeal, an integral part of the fisheries and aquaculture sector, needs sustainable practices to conserve resources and fetch better prices in domestic and international markets, said ICAR-Central Institute of Fisheries Technology Director George Ninan. | Photo Credit: BALACHANDAR L

With the rising demand for fishmeal and fish oil, marine experts have called for making traceability a mandatory requirement to curb Illegal, Unreported and Unregulated (IUU) fishing, stressing the urgent need for transparency across the sector.

The demand was raised during a stakeholder consultation held by ICAR-Central Marine Fisheries Research Institute (CMFRI). The meet was attended by marine scientists, industry representatives and policymakers emphasised that end-to-end traceability—from harvest to processing to consumers—is critical to ensure sustainability, regulatory compliance and market credibility.

Voicing concern over unregulated sourcing, participants emphasised that improved documentation and monitoring systems are essential to enhance accountability and prevent unsustainable practices. The consultation also underscored the need to diversify raw material sources for the fishmeal and fish oil sector to reduce pressure on traditional fish stocks. In this context, mesopelagic resources—deep-sea species found in midwater zones—were identified as a promising and underutilised resource base for sustainable production.

A collaborative pilot study led by CMFRI, the first of its kind in India, was presented at the meeting. It indicated that mesopelagic resources could be economically viable for fishmeal production, though experts called for further research and validation.

CMFRI Director Grinson George said the institute would undertake required fish stock assessments to ensure that any expansion of the fishmeal sector is grounded in sustainability and scientific evidence. The institute focuses on strengthening existing mechanisms by facilitating the upgradation of the country’s fishing fleet for deep-sea operations, thereby enabling traditional fishers to access offshore resources and improve their livelihoods”, he said.

Fishmeal, an integral part of the fisheries and aquaculture sector, needs sustainable practices to conserve resources and fetch better prices in domestic and international markets, said ICAR-Central Institute of Fisheries Technology Director George Ninan.

Sanjay Pandey, Deputy Commissioner of Fisheries urged stakeholders to implement the National Traceability Framework in the sector, highlighting the need for coordinated efforts among research institutions and industry players.

“The industry must come forward to adopt transparent practices, while stronger industry–research linkages are crucial for developing reliable systems and technologies, said Shubdeep Ghosh, Assistant Director of Indian Council of Agricultural Research (ICAR).

Published on April 29, 2026