Gowri Biologicals
Beyond Expectations
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The uncertainty surrounding US tariffs has created significant challenges for Vannamei shrimp farming, particularly in India.
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Impact on Vannamei FarmingPrice Fluctuations: Shrimp prices have dropped by 10-15% due to fears of additional US levies. Tariff Increase: The US has imposed a 26% tariff, with potential additional duties that could raise costs for Indian exporters by 7% more. Market Disruptions: Long-term contracts with US buyers are under strain, potentially leading to…
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Andhra Pradesh’s Ambitious Aquaculture Expansion Plan
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Andhra Pradesh is set to transform its aquaculture industry, with Chief Minister N. Chandrababu Naidu announcing plans to expand farming areas to 1 million acres by 2030. This initiative aims to boost the state’s economy, leveraging technology and sustainable practices to achieve a steady 30% growth rate in the sector. Aqua Tech 2.0 Conclave…
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Ecuador’s Shrimp Industry Faces New Challenges After Years of Growth
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Ecuador has long been a dominant force in the global shrimp market, particularly in the production and export of vannamei shrimp. However, after years of rapid expansion, the industry is now facing significant hurdles that threaten its profitability and long-term sustainability. A Decline in Export Value In 2023, Ecuador’s shrimp export value contracted by…