Synopsis:
Seafood exporters gained momentum after EU approvals expanded market access and boosted trade outlook, offsetting US tariff pressures. Optimism around ongoing India-US trade talks and strong investor sentiment fueled stock rallies, highlighting sector resilience and growing opportunities in global markets.
Shares of India’s seafood exporter gained momentum after the European Union approved 102 new Indian fishery establishments for exports. This move boosts India’s export capacity by 16% in volume terms, strengthening market access and fueling optimism for higher revenue growth and a stronger global presence in the seafood export sector.
Further, India’s seafood sector received a major boost as the Commerce Ministry projected a 20 percent immediate rise in trading volumes. The move not only addresses a long-pending demand but also strengthens India’s position in the 13th round of FTA talks with the EU, signaling enhanced trade opportunities and improved market access for Indian seafood exporters.
Moreover, Avanti Feeds derived 17.4 percent of its FY25 revenue from the European Union and is actively diversifying into non-US markets. This strategic shift aims to reduce dependency on the US and capture emerging global opportunities.
Apex Frozen Foods reported strong growth from the European Union, with its contribution to topline rising to 39% in FY25 from 26% in FY24, driven by robust demand. The company continues to expand its footprint in the EU, capitalizing on favorable trade opportunities. Additionally, other seafood exporters like Coastal Corporation, IFB Agro, and Waterbase also supply to the EU, collectively benefiting from increasing access and approvals, which enhances India’s overall seafood export potential in one of its fastest-growing markets.
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Trump’s 50% tariff
Recently, Marine exporters have faced pressure as the US, their largest market, imposed a steep 50% tariff on Indian seafood exports under the Trump administration. While EU approvals bring relief, challenges in the US market could impact overall growth, making diversification and stronger trade partnerships crucial for sustaining export momentum.
In addition, President Donald Trump signaled optimism on India-US trade ties, stating negotiations will continue and expressing eagerness to speak with Prime Minister Narendra Modi. His remarks highlight the possibility of easing trade frictions, even as tariffs weigh on exporters, raising hopes for a balanced outcome benefiting both economies.
Seafood stocks rallied sharply, with Coastal Corporation soaring 20% and Apex Frozen Foods up 18%. Avanti Feeds and Waterbase gained 10% each, while IFB Agro rose 3%, reflecting strong investor sentiment on improving export prospects and EU market opportunities.
Written by Abhishek Singh
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