India's shrimp farmers pare stocks by 30% on price uncertainty

Trade sources said that shrimp prices have fallen below the production cost in Tamil Nadu, Andhra, Odisha, West Bengal and Gujarat

Glut in global production and uncertainty in world trade have compelled shrimp farmers in the country to cut stocks of the perishable item by more than 30 per cent.

“Uncertainty in global trade after protectionism measures by the Trump administration have created a trust deficit in the trade. The stocking of shrimp by farmers has plunged by more than 30 per cent and they are set to lose Rs 40-50 for every kg,” said Sanjay Mohanty, president, Odisha Shrimp Farmers' Association.

He said stocks for the second crop, which is set to start from July, will also see a similar