Highlights:

Indian seafood stocks surged after reports that China may halt seafood imports from Japan.

India exported $7.4 billion in seafood last year, with shrimp forming 40 per cent of the basket.

US tariffs of up to 50 per cent have slowed India’s seafood shipments to the American market.

China’s potential shift in buying patterns may bring relief to Indian seafood companies. - Advertisement -

Government has approved a 450.6 billion rupee support package for labor-intensive export sectors including seafood.

Shares of Avanti Feeds and Coastal Corporation gained sharply on expectations of redirected seafood demand.

Indian seafood exporters saw notable gains on Wednesday (19) after reports indicated that China had informed Japan of plans to suspend seafood imports from the country

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