Shrimp

US tariffs cause ₹25,000 cr loss to Andhra's shrimp industry: CM Naidu

Andhra Pradesh accounts for 80 per cent of the country's shrimp exports and 34 per cent of marine exports, valued at around ₹21,246 crore annually, Naidu said

India's shrimp exports expected to fall 15-18% as US hikes tariff: Crisil

India's shrimp export volumes are expected to contract by 15-18 per cent this fiscal following the US decision to raise import tariffs on the commodity to 58.26 per cent from August 27, a report said on Friday. This will lead to a fall in realisations even as exporters look to change their product mix and scout for alternative export destinations, the report by Crisil Ratings said. Thus, revenues, which were stagnant for the past four fiscals, will decline 18-20 per cent year-on-year this financial year despite some cushion from a surge in shipments in the first quarter in anticipation of the tariff hike. In FY25, India exported around USD 5 billion of shrimps, of which the US accounted for around 48 per cent. Lower revenues, coupled with the inability to pass on the tariff burden to customers, will erode the operating profit margin by 150-200 basis points. The combination of lower revenues and subdued margins will weaken the debt protection metrics of players, following which the

AP commerce body urges Centre to protect shrimp sector from US tariffs

Andhra Pradesh Chambers of Commerce and Industry Federation on Thursday appealed to the Centre to protect shrimp farmers and exporters with policy and financial interventions in the face of 50 percent tariffs and other taxes slapped by the US on Indian imports. The president of the chambers, P Bhaskar Rao, said the sudden spike in US tariffs has put the livelihood of 2.8 crore people who engage in aquaculture and allied sectors at risk. "Unless urgent policy and financial interventions are made, India risks losing global competitiveness in seafood exports. We strongly urge the Union government to act swiftly in coordination with the state governments to safeguard this vital sector," said Rao in a press release. According to the chambers, India is the second largest seafood exporter globally, accounting for exports worth Rs 60,524 crore or USD 7.3 billion in FY24, while the US alone imported 25 percent of this quantum. Shrimp contributes over 40 percent of the total export quantity

Shrimp exporters seek govt aid as Trump tariffs threaten $2 bn of exports

The Seafood Export Association of India has approached the ministries of commerce and finance to seek emergency financial support as USD 2 billion worth of shrimp exports to the US face severe disruptions due to increased tariffs imposed by President Donald Trump, a statement said on Sunday. The association has requested a 30 per cent increase in working capital through soft loans, with margins covered by interest subvention and a 240-day moratorium for pre- and post-packaging operations. "Close to USD 2 billion worth of shrimp exports face severe disruptions," Seafood Export Association of India (SEAI) Secretary General K N Raghavan told PTI, adding that Trump last week further increased reciprocal tariffs from 25 per cent to up to 50 per cent. India exported USD 2.8 billion worth of shrimps to the US in 2024 and has shipped USD 500 million worth so far this year. The new duties make Indian seafood significantly less competitive compared to China, Vietnam and Thailand, which face U

US tariff: Shrimp biz worth ₹25K cr at stake; farm gate rates drop 19%

Trump's 50% tariff on Indian seafood exports leads to sharp drop in shrimp prices, hurting farmer income in Andhra Pradesh and Odisha; industry urges diversification

Leather, textile, shrimp exports to be hit hard by 25% US tariff: Experts

Domestic export sectors such as leather, footwear, textiles and shrimp will be hit hard by the imposition of the 25 per cent tariff by the US, industry experts say. "Quick estimates suggest that India's goods exports in FY 2026 may come down by 30 per cent from USD 86.5 billion in FY 2025 to USD 60.6 billion in FY 2026," GTRI Founder Ajay Srivastava said. The duty, announced this week, will come into force from August 7 (9.30 am IST). These will be over and above the exiting standard import duty in the US. The 25 per cent tariff will replace the existing 10 per cent baseline tariff. The modified tariff is one per cent less than the 26 per cent levy announced by President Donald Trump on April 2. A White House executive order mentions that tariffs may be reduced once countries make a deal with the US. The executive order also clarifies that goods in transit until October 5, 12:01 am eastern daylight time (EDT), or 09:30 am IST, will be subject to a 10 per cent tariff, provided that

Tamil Nadu plans seafood exports of $5 bn, sets roadmap for blue economy

State has India's second-longest coastline but is seventh among seafood-exporting states

Caught in Trump's tariff net: Andhra's shrimp farmers face global blowback

Trump's tariff shock hits Andhra's ₹35,000-crore shrimp industry, leaving farmers battling price crashes, export uncertainty, and long-term market disruption

Shrimp exporters seek govt help ahead of US duty review on shipments

Indian shrimp exporters are keeping their fingers crossed as the US is set to begin its review of anti-dumping and countervailing duties on shrimp next month, and are seeking government intervention to help secure relief amid stiff global competition, industry experts say. The exporters said that the formula of the US to calculate these duties is incorrect, and the Indian government should take up the issues with them bilaterally, as domestic traders are facing tough competition from Ecuador and Vietnam in the American market. "The US authorities consider India's RoDTEP and duty drawback schemes as incentive schemes, which is not the case. Both are WTO-compliant duty refund schemes only," Kolkata-based seafood exporter and MD of Megaa Moda Yogesh Gupta said. He added that the US uses a 'zeroing' method to impose anti-dumping duty on shrimp, which is not correct and needs to be re-looked as it distorts the calculation of the margin of dumping. He said that exporters are concerned an

Tariff impact: Shrimp feed prices drop by ₹4/kg to reimburse farmers

The relief has also come at a time when shrimp production season is reaching its peak

Tariff pause eases farm worries, Andhra govt forms panel on shrimp exports

Sources said one of the mandates of the committee is to study India and Ecuador's shrimp production patterns and exports

Shrimp farming: Trump's tariffs shockwaves rock Andhra Pradesh shores

Trump's tariffs, falling shrimp prices, and fears of additional US levies, spark a crisis in the state's politically vital aquaculture sector. SHINE JACOB elaborates

India's shrimp exports to US seen badly hit due to high reciprocal tariffs

Experts suggest scouting new markets in China, Europe and Middle-East for Indian shrimps

Avanti Feeds, Apex Frozen bleed up to 18% on Trump's 27% reciprocal tariff

The drop in these shrimp stocks followed the imposition of a 27 per cent reciprocal tariff on India by US President Donald Trump

Avanti Feeds, Apex Frozen to gain as shrimp industry eyes revival in 2025

Apex Frozen Foods skyrocketed up to 16.04% to hit an intraday high of Rs 276.35 per share, while Avanti Feeds zoomed as much as 8.97% to hit an intraday high of Rs 653.35 per share

No blanket ban on Indian shrimp in US, curbs only on wild-caught shrimp

The US has not imposed a blanket ban on shrimp imports from India, including Kerala, and the restrictions are targeted only at wild-caught shrimp, the government said on Tuesday. In a written reply to Lok Sabha, Rajiv Ranjan Singh, Union Minister of Fisheries, Animal Husbandry and Dairying, said, "USA has not implemented a blanket ban on Indian shrimp imports including Kerala. The restrictions are specifically targeted at wild-caught shrimp, primarily due to concerns regarding sea turtle conservation." While exports of wild-caught shrimp to the US are currently limited, shipment of wild-caught shrimp to other countries remain unaffected, he added. The minister informed that the Department of Commerce, through Marine Products Export Development Authority (MPEDA), has been proactively taking up the matter with USA through the embassy of India in Washington DC. The department through MPEDA in consultation with both the US Department of State and the National Oceanic and Atmospheric ..

Apex Frozen, Waterbase, Avanti Feeds soar up to 20% on THIS Budget proposal

Finance Minister Nirmala Sitharaman announced a proposal to provide finance for shrimp farming and marketing in Budget 2024-25

How India has gone to become the world's second largest shrimp producer

Once dogged by diseases, the shrimp sector saw a turnaround post-2009

Shrimp exports to grow by 20% this year; India may regain top spot: Report

Shrimp exports are expected to grow by 20% to about $4.3 billion in 2021, driven by a revival in demand and restoration of supply chains that were disrupted last year by the Covid pandemic

China suspends imports of Ecuador shrimp on Covid-19 pandemic risk

China began testing imported fresh and frozen food after the coronavirus was found on a chopping board used to cut salmon at a large food market in Beijing