Indian shrimp exporters jump on US tariff pause

Coastal

11/04/2025 05:53

** Shares of shrimp exporters Apex Frozen Foods APEX.NS, Avanti Feeds AVNT.NS  Costal Corporation COAS.NS rise 5.2, 6.7% and 7.3% respectively

** U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs on Wednesday

** The three stocks had declined 6.9%, 14.8%, 13.9% up to Wednesday since Trump announced tariffs on April 2

** U.S. bought Indian seafood worth $2.55 billion in FY24, which mostly comprised of shrimp

** An unnamed government official told Reuters Thursday the tariff pause is especially a relief for shrimp exporters, citing an industry that faced a tariff disadvantage compared to competitors like Ecuador

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))