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Seafood exporters tumble after US hikes anti-dumping duty

Capital Market 

Shares of three companies related to production fell by 1.36% to 3.3% at 12:01 IST on BSE after the hiked anti-duty on Indian exports to 2.34% from earlier 0.84%.

Avanti Feeds (down 3.3%), Waterbase (down 3.3%) and (down 1.36%), edged lower.

The was up 309.46 points, or 0.93% at 33,616.60.

The of America, the largest market for Indian seafood, has enhanced the anti-duty on the shrimps to 2.34% from 0.84%. The (DoC) has preliminarily determined that certain frozen warmwater from is being sold in the at less than normal value during the period of review (POR) 1 February 2016 to 31 January 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 12:15 IST