Indian shrimp exporters jump on US tariff pause

About this update from Apex Frozen Foods Ltd.

** Shares of shrimp exporters Apex Frozen Foods NSE:APEX, Avanti Feeds NSE:AVANTIFEED Costal Corporation NSE:COASTCORP rise 5.2, 6.7% and 7.3% respectively** U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs on Wednesday** The three stocks had declined 6.9%, 14.8%, 13.9% up to Wednesday since Trump announced tariffs on April 2** U.S. bought Indian seafood worth $2.55 billion in FY24, which mostly comprised of shrimp** An unnamed government official told Reuters Thursday the tariff pause is especially a relief for shrimp exporters, citing an industry that faced a tariff disadvantage compared to competitors like Ecuador

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