Excerpts:
The vannamei shrimp raw material prices in India’s main production region Andhra Pradesh are moving up fast, due to weak landings in the main production areas, sources told Undercurrent News.
According to sources, the price is likely to move up further.
Production is “very bad”, one Andhra Pradesh-based packer and farmer told Undercurrent.
This is because stocking was low by farmers from May onward, due to production problems and the price drop, he said.
Going by the above article, price of shrimps rising due to less shrimp production this season. Would be interesting to compare this against Avanti's feed sales numbers.
Disc: Major portion of portfolio.