Iran's income from seafood exports stood nearly at $400 million in the previous fiscal which was concluded on March 20, 2017, reports Financial Tribune daily.
The amount is 14% higher compared with last year, according to the head of Iran’s Fisheries Organization.
An Iranian official had previously said seafood production is expected to exceed 1 million tons this year.
According to the head of Iran’s Fisheries Organization Hasan Salehi, Iran has the capacity to produce 1 million tons of fish in cages in the Caspian Sea in the north and the Persian Gulf and Sea of Oman in the south.
Cage fish farming is a relatively new method in Iran, whereby cages are placed in lakes, ponds, rivers or seas to breed fish until they can be harvested.
Salehi noted that per capita fish consumption in Iran is 10 kilograms, which is way below the global average of 20 kilograms.