Trump Tariffs Impact: Avanti Feeds, Apex Frozen Foods, Zeal Aqua, Waterbase Lead Declines Among Shrimp Stocks

Shares of major players in the shrimp industry were trading lower on Thursday after US President Donald Trump announced additional 25% tariffs on India. The additional tariffs have taken India's cumulative tariff to 50%, at par with Brazil.

Shrimps products with a 32.4% US share in India's exports will see a total tariff payable at 50%.

Shares of Avanti Feed Ltd. led losses in the sector with a 3.49% decline, followed by Zeal Aqua Ltd. and Apex Frozen Ltd. with a decline of 3.47% and 1.34% respectively at 9:24 a.m. Shares of Water Base declined 0.22%, while Kings Infra Ventures Ltd., were trading 0.10% lower.