Ganapavaram:
The disturbance provoked by President Donald Trump’s tariff can rock the global shipment of shrimp in the United States, the largest supplier exporters in India said they put 2,000 containers packed with delicate delicateness.
But the Ecuador is close to thousands of kilometers to the United States, with a low tariff rate and stands for profit, exporters say, as its most important export after shrimp oil is.
India’s shrimp industry is staring at a tariff of 26% under Trump’s July plan, which endangers $ 7 billion -dollar export market, which depends a lot on American supermarket chains such as Walmart and Croger as buyers are seen again.
Amid uncertainty, farmers are seeing a demand to dry up as exporters have cut prices at tenth place since tariffs.
63 -year -old SVL Pathi Raju, standing from the Aquaculture pond, said, “We are suffering heavy losses, where he feeds and grows shrimp in India’s southern coastal state of Andhra Pradesh.”
“We do not know who can solve our value issues,” Raju said, one of the many families of the remote village songs of the state said to the exporters with a decreasing sales.
Many people face high payment for shrimp feed and rent for land where saline ponds have been established.
“I am not sure how I will maintain prices,” another farmer said, 60 -year -old Deputy Vice -Vice -Vice -Vice -Chancellor Nagaraju said he was completely unaware of the concept of tariffs.
“If I had known, I would not start my farming.”
In front of the irregular demand from exporters, he now regrets that shrimp cultivation has started exactly 15 days before the tariff news. Although Trump has delayed the rate of 26% by July, even the current rate of 10% has made exporters skitish.
The United States and China are one of the major markets in India for seafood exports, touching $ 7.3 billion last year, at the volume of 1.8 million metric tons which was an all -time high.
The shrimp formed the major component, with 300,000 farmers of Andhra Pradesh the most contributing to the supply of industry, 92% of India’s 92% of seafood exports last year in their largest market, United States, in the United States.
Representatives of the industry have joined the panel of a state government, weighing the impact of tariffs and looking for ways to promote export to other countries like China.
But exporters are afraid of Ecuador’s competitive growth at a low -tariff rate of 10% at a low -tariff rate of Trump for the South American nation, especially since it is very close to the United States, its second largest market for shrimp.
Nevertheless, Ecuadorian producer is less optimistic, with $ 1.55 billion in shipment in 2024.
Although American consumers have promoted an increase in the field of processed shrimp, Ecuador has not yet gained the ability to change India’s production, Jose Antonio Camposono, Jos Antonio Camposano, president of its National Chamber of Aquaculture, its National Chamber of Aquaculture.
Camposano said India “will be obliged to search for other markets, where the Ecuador is being sold like China and the European Union, so we will put more pressure in other markets.”
40 days journey
Reuters visited an Indian factory, where the shrimp was washed and the machine was automatically resolved by size before manual quality check by workers in masks and gloves. Then a conveyor belt removed the seafood to be quick-frozen.
Thousands of tons of frozen shrimp leaves Andhra Pradesh on a journey every year, which usually takes 40 days to reach the ports in New York, Houston and Miami, the route to the shelves of retailers such as restaurants and retailers such as restaurants and safwe and costco.
G. Pawan Kumar said that he was concerned about shipping containers already packed with frozen produce at agreed rates, which were now scheduled to be rebuilt by American buyers after tariffs.
Kumar, president of the Seafood Exporters Association of India, said, “Ten percent more, we work on exporters 3% to 4% margin.”
A shrimp exporter said, “This game for Indian industry” is over “If the tariff rate of 26% is effective in July, a shrimp exporter said, who spoke on the condition of anonymity.
He was interacting with American customers, who did not want to completely absorb 10% tariffs, he said, if he had to sell 130 shipping containers already packed, pointing to the risk of earning profit.
In Texas, the seafood segment in a Walmart supermarket was piled up high with a pack of frozen shrimp, one of them labeled a product of India and was priced at $ 7.92 under Walmart’s own “Great Value” brand of Walmart.
“We have made long -lasting and deep relations with suppliers over the years,” said Walmart’s Chief Business Officer in the United States, Latris Watkins said. “We hope that it will continue, moving forward.”
(Except for the headline, the story has not been edited by NDTV employees and is published by a syndicated feed.)