# Avanti Feeds profit dives 60% in Q2 on less farming, high raw material costs

> Avanti Feeds reported a 60% fall in second-quarter profit. Shrimp farming in India contracted by 30% in the period, and fishmeal prices rose about 24%.

- Date: 2018-12-07 · published 2018-12-07T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/61666-avanti-feeds-profit-dives-60-in-q2-on-less-farming-high-raw-material-costs
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Higher fishmeal prices squeezed feed margins and reduced demand as Indian shrimp farming shrank. Fishmeal costs are likely to stay firm while aquaculture demand weakens.

## Read by commodity

- FISHMEAL: bullish ▲

## Sources

- intrafish.com: https://www.intrafish.com/finance/avanti-feeds-profit-dives-60-in-q2-on-less-farming-high-raw-material-costs/2-1-495379?zephr_sso_ott=Bj5CyZ

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