Duties imposed by the US government in October impacted margins for Indian feed and shrimp processor Avanti Feeds in the fourth quarter of its 2025 financial year.
The United States imposed a 5.77 percent tax on India's warmwater shrimp exports in October, the result of an investigation to determine if India and other shrimp producing countries were selling product on the US market at less than fair value.
In correlating results, Avanti Feeds' shrimp processing sales margin in the three months to March 31 almost halved, from 13.7