Shrimp stocks Avanti Feeds and Apex Frozen Foods soar 6% after Incred predicts strong industry comeback in 2025

About this update from Apex Frozen Foods Ltd.

Share of shrimp farming companies--Avanti Feeds and Apex Frozen Foods--surged around 6 percent each on December 31 after domestic brokerage Incred Equities rolled out a strong growth outlook for the industry.At 12.25 pm, shares of Avanti Feeds were trading at Rs 632.60 on the NSE, whole Apex Frozen Foods was at Rs 253.10.Incred sees a strong recovery making its way for the shrimp industry in CY2025, driven by rebounding global demand and reduced competition from Ecuador, where overproduction led to industry consolidation.Favorable market conditions, including declining input costs for fishmeal and soymeal, support this growth, the firm added.Follow our market blog to catch all the live actionAdding to that, Incred also highlighted that India is already capturing a larger share of the market, with its shrimp exports to the US surpassing 40 percent in recent months. It sees this trend as a testament to the country's growing dominance in the global shrimp market.Meanwhile, earlier this month, Venezuelan Interior and Justice Minister Diosdado Cabello said they are conducting raids on the owner of Venezuela’s largest shrimp-farming company Grupo Lamar, in connection with a plot involving a coup. Shrimp magnate and owner of Grupo Lamar Jose Enrique Rincon is among the accused in the plot. While Moneycontrol could not independently verify this development, it was still seen as a positive trigger which may further aid India's sea food exports to US and EU.Shrimps are one of Venezuela's biggest exports, with Grupo Lamar sending 80 percent of its produce to Europe.Also Read | Shrimp farming stocks Avanti Feeds, Kings Infra surge 5-6% on hopes of export growthDisclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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