Shrimp Exports

Australia lifts ban on imports of unpeeled Indian prawn: Nara Lokesh

Australia has granted its first import approval for unpeeled Indian prawns, ending a years-long restriction and giving a major boost to India's seafood export sector

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

Indian shrimp export industry likely to take a 12% revenue hit in FY26

Shrimp exporters' revenue is likely to decline 12 per cent year-on-year in 2025-26, hit by the steep tariffs imposed by the US, effective August 27, a report said on Wednesday. The US is India's most critical market for frozen shrimp, representing 41 per cent of the export volume and 48 per cent of the value in FY25, India Ratings and Research (Ind-Ra) said in the report. The 50 per cent reciprocal tariff (58 per cent effective tariff rate after additional anti-dumping duty and countervailing duty) is expected to significantly impact trade flows, eroding India's cost competitiveness against its peers, namely Ecuador, Vietnam, and Indonesia and thus impacting export volumes, it added. As per Ind-Ra's analysis of India's major shrimp companies, aggregate revenue could decline 12 per cent year-on-year, while margins could compress around 150 bps year-on-year in FY26. Ind-Ra also expects some working capital stress to emerge. "The steep reciprocal tariff in the key export market of th

Avanti Feeds, Apex Frozen surge up to 17%. Why are shrimp stocks in focus?

Shrimp stocks rally amid news that trade deal talks between India and the US have gained momentum after Narendra Modi and Donald Trump expressed optimism on resolving long-standing issues.

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

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

India misses marine export target by over ₹37,000 crore under PMMSY

Looming US tariff threats may further hurt the sector, say experts

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

Shrimp export volume growth to stay flat in FY26 due to US tariffs: Crisil

Indian exporters are expected to face stronger competition in low-value-added segments like raw, frozen, and peeled frozen shrimp, according to the Crisil report

Avanti Feeds soars 8% on healthy Q4 results, declares dividend of ₹9

Avanti Feeds share price: Avanti Feeds shares gained today after it reported 39.6 per cent Y-o-Y jump in profit after tax to ₹157.19 crore

India's meat, shrimp exporters hope for new markets with India-UK FTA

Indian exporters expect a rise in meat, shrimp, and spirits demand in the UK as tariff removal under the Free Trade Agreement opens access to South-East Asian diaspora

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

US tariffs' fallout: Andhra CM writes to Goyal on shrimp farmers' concerns

In his letter to Goyal, Naidu appealed to the Centre "to come to the rescue of aqua farmers by negotiating with the US to exempt the aqua products from this additional duty"

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 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

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