I was trying to compare premium of Avanti’s shrimp export realizations over India’s export realizations. These seem to have dipped substantially from a premium of 54% in FY12 to just 9% in FY15 (all data from AR12 through AR15). Hence, while volume share is stagnant at 1%, value share has reduced from 1.7% to 1.1%. The sheet below will illustrate this over the years. Request anyone who is in touch with management to confirm.
The going seems good with intentions of expansion in the feeds and seeds business very clear. The bigger kicker could be increased focus on exports and branding. This is where the collaboration with TUF would be put to good use. This seems to be the next step but yet conjecture. Thai shrimping business is recuperating very slowly, and this augurs well for Indian shrimpers. Concerns of outbreaks and import bans continue.
Disc: Bought a few shares a few months ago
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