Indian shrimp exporters—particularly those in Andhra Pradesh—are facing a serious blow following the U.S. imposing a 25% tariff, with another 25% increase set to kick in soon. This steep duty hike has made Indian shrimp uncompetitive, prompting farmers to slash prices and consider shifting to other businesses like fish farming or non-export activities.
With shrimp making up 40% of India’s $7.4 billion seafood exports, the financial implications are grave. Industry players are calling for government support, citing rising input and repayment costs, while competitors like Ecuador are seizing the opportunity to fill the void in U.S. markets.
