I attended Avanti concall. I was the person who asked the question regarding shrimp price rise. In trading view we can clearly see from Q1 end shrimp prices has risen by 12% that can’t be due to duty hike duty hike which is in single digit. So their claim of no price rise is baseless. There must be supply demand mismatch. Supply from Ecuador is facing challenges due to energy problem there from the month of September this is from Apex concall. Also Apex management has told there is a lead and lag effect between getting the benefit of shrimp price rise. I asked in Apex concall about the time of getting benefit of shrimp price rise they told it will be reflected in Q3 result. Same thing they mentioned in presentation. As per my understanding Avanti on the other hand will not benefit much from this as they are mostly into shrimp feeds.
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