# fish prices: Fish prices crash; Feed cos close as fish meal industry protests 5% GST - The Economic Times

> Fishmeal producers in India have been on an indefinite strike since August 1 over a 5% GST levy applied retrospectively. More than 70 fishmeal factories have closed, and trash fish prices have fallen by more than 50% in Kerala and Karnataka.

- Date: 2019-08-23 · published 2019-08-23T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/57666-fish-prices-fish-prices-crash-feed-cos-close-as-fish-meal-industry-protests-5
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Factory closures cut fishmeal supply and push up feed costs, and small shrimp feed makers already face shortages, so prices are likely to firm.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- m.economictimes.com: https://m.economictimes.com/markets/commodities/news/fish-prices-crash-feed-cos-close-as-fish-meal-industry-protests-5-gst/articleshow/70797272.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.