Avanti Feeds · tone and specificity signals across the available quarters.
Language signals
The prices have gone up so phenomenally that the increase should be something very very high which the both the industry, the farmers, the government, everybody, exporters are taking it very seriously. This is for the first time perhaps a strange thing has happened with such a steep increase.
The shrimp industry is currently in a paradoxical situation. The sector has never been so strong in terms of production and exports. However, the economics at different stages of shrimp value chain are becoming increasingly fragile, creating challenges for the long-term sustainability of the industry.
Unless the suspension is lifted, the CBP will not process the reciprocal tariffs. So as of now, they are all under pending status.
The price of fish meal doubled from 100 rupees to 240 rupees in a span of two months May and June.
We are preparing for increase in feed price at the earliest to compensate the price hike as much as possible keeping in view the overall shrimp culture.
Roughly it will come around 15 to $20 million.