Trump -Tariffs Impact: Avanti Feeds, Apex Frozen Foods, Zeal Aqua, other seafood exporters slip to 6% | Einsmark news

Shares from Indian seafood exporters fell sharply on Thursday following the announcement of new rates by US President Donald Trump. Supplies such as Avanti Feeds, Apex Frozen Foods, Zeal Aqua and water bosses fell by more than 6% after the US imposed a 25% tariff on Indian exports. Avanti feeds the share price dropped to 6.62%, while Apex Frozen Foods fell 6.48%. The zeal shares fell 4.05%, and the water base was down 4.45% on the BSE. President Trump said the 25% tariff on Indian goods will come into effect from 1 August. He also announced an additional ‘fine’ in response to India’s continued defense and energy ties with Russia. Several Indian sectors with significant exposure to the US market are expected to be affected, including food exports, textiles, car components, jewelery and jewelry and leather goods. Seafood and shrimp exporters in particular are likely to be affected, as the US is an important market for these businesses. Reports indicate that the export of Indian shrimp is currently attracting an effective customs law of 17.7%, which will now rise to 25% under the new tariff regime. According to a recent report by Incred Equities, the market share in US shrimp is estimated to rise to 50% at end-cy25, powered by a strong supply chain, price power and capacity recovery. Men Whily, Avanti in its annual report for FY25 that India currently owns about 20% of the global shrimp market share, and production is expected to remain 1.2 million tonnes of this fiscal. Almost 48% of the export of Indian shrimp are destined for the US market, which has exposed the country to policy shifts in that geography. “Despite these windwinds, the growth of Indian shrimp in the Indian shrimp in FY 2024–25 is expected to rise by 2-3%, mainly powered by higher realization due to increased prices and favorable currency movements. However, export volumes are likely to be indicated only partially and gradually,” says Avanti. Disclaimer: The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.