Indian seafood exporters jump on EU approval, US tariff talk hopes

Coastal

10/09/2025 05:14

** Shares of seafood exporters jump on European Union approval for exports

     ** Coastal Corporation COAS.NS, Apex Frozen APEX.NS amd Avanti feeds AVNT.NS rise 20%, 15% and 9.1% respectively

** COAS set for best day in more three and a half years

** The EU has approved 102 new Indian fishery units for export, boosting market access for aquaculture shrimp, squid and octopus

** Rising hopes for India-U.S. trade talks also supports gains in seafood exporters

** North America sales form 70% of AVNT's total sales and U.S. accounts for 56% for APEX's sales, as of Dec 2024

** YTD, AVNT up ~7%; COAS and APEX down 31% and 7.6%, respectively

 (Reporting by Urvi Dugar)

 ((UrviManoj.Dugar@thomsonreuters.com;))