New Delhi, Aug. 28 -- Shares of shrimp feed companies fell during Thursday's trading session following the implementation of an extra 25% tariff imposed by the Trump administration on Indian exports, which took effect on August 27. As a result, the overall tariff on Indian exports to the US has reached 50%. Avanti Feeds, Apex Frozen Foods, and Waterbase derive between 50% and 60% of their revenue from the US market.

Dr. Soumya Kanti Ghosh from SBI Research noted that shrimp exporters, who send over 50% of their shipments to the US, are concerned about significant losses and potential order cancellations due to the implementation of the higher tariff. This situation also affects prices for consumers in the US and reduces India's competiti...