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India's shrimp traders fear $1 bn loss as long-term US contracts face heat

The price drop is attributed to shrimp processors halting their purchase plans, which could severely impact growers

Indian shrimp sector crisis, US tariffs on shrimp exports, shrimp export losses India, $1 billion shrimp loss, vannamei shrimp exports, 50 count shrimp price drop, farm-gate shrimp prices India, Rs 70/kg shrimp price fall, Indian seafood export impac
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Trade sources said that even more concerning than the future contracts are the containers already in transit

Sanjeeb MukherjeeShine Jacob New Delhi/Chennai

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India’s shrimp sector is in turmoil for the second consecutive day on Friday due to the impact of US tariffs.
 
Traders fear that US customers may back out of long-term contracts, leading to an estimated loss of around $1 billion. Additionally, farm-gate prices for shrimp are expected to fall by nearly ₹70 per kg for every 50-count batch.
 
Shrimp are sold based on count, with a 50-count representing 20 grams of shrimp (50 pieces per kg). Until recently, 50-count shrimp were priced around ₹350 per kg. This count is common for Vannamei shrimp, the primary variety exported from India to