Indian shrimp exporter stocks such as Avanti Feeds and Kings Infra Ventures jumped strongly by 5.7% to 7.2% during early trade on April 11, 2025. The jump follows in the wake of better global sentiment after U.S. President Donald Trump's brief tariff reprieve and relief over export disruption worries.
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Stock Performance: Avanti Feeds shares rose 6.8%, reaching a new 52-week high of ₹842.95, and Kings Infra Ventures rose 7.2%. Coastal Corp also rose as U.S. buyers showed readiness to take on higher tariffs, providing stable demand.
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Tariff Pause Impact: Trump's 90-day tariff pause has given Indian shrimp exporters temporary relief, stabilizing prices and improving investor sentiment in the industry.
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Global Market Dynamics: Venezuelan shrimp exports are disrupted by political unrest, and Ecuador's oversupply situation has diminished its competitive advantage in the U.S. market, opening up opportunities for Indian exporters to increase their share.
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Expansion Plans: Avanti Feeds has announced a planned export growth of almost 20% in FY25, aided by government initiatives such as lower customs duties on shrimp feed and higher funding under Pradhan Mantri Matsya Sampada Yojana.
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Diversification Initiatives: Coastal Corp is venturing into new destinations such as China, Russia, and Canada to minimize dependence on U.S. exports in the face of tariff unpredictability.
Overview
With world shrimp demand projecting a CAGR of 5.5% until 2031, Indian exporters are poised to benefit from new opportunities in the face of competitive challenges.
Source: MoneyControl, Business Standard, Reuters