Acquaculture Sector
Aquaculture stocks soar after govt slashes customs duty on shrimp feed
Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex
 "Aquaculture stocks soar after govt slashes customs duty on shrimp feed")
US demand revival brings new hope to Indian acquaculture firms
After slowing down for a while, Indian aquaculture companies are stepping ahead for a turnaround, due to revival in demand from America, the world's largest consumer.Most companies saw a sharp decline in revenue and profit till the December '17 quarter, spilling over in some cases to the March '18 one, too. However, leading companies in the segment posted an increase in sales and profit during the June 2018 quarter. This was thanks to a high import duty levied by the US government on its largest supplier, China, in an ongoing trade war.Starting with 15 per cent early this year, the US administration raised the duty on shrimp and other aquaculture products from China to 25 per cent in the latest round of tariff levies, totalling $200 billion. Experts believe US orders would now shift to India."All players in the industry believe the worst is behind, US demand has recovered and would accelerate as the festive season begins. Both international shrimp prices and Indian farmgate prices ...
 "US demand revival brings new hope to Indian acquaculture firms")
