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Moneycontrol reports that shrimp feed and aquaculture stocks, including Avanti Feeds, Apex Frozen Foods and Waterbase, rallied strongly in FY18 but have corrected sharply in 2018 on concerns of oversupply and falling shrimp prices. Avanti holds about 43% of the Indian shrimp feed market, with CP Aquaculture around 32%, and capacity expansion is underway.
Expanding shrimp feed capacity against falling shrimp prices points to softer demand for feed ingredients such as soybean meal and fishmeal in Asian aquaculture. The effect on grain and meal prices is small.
moneycontrol.comSachin PalJul 2, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
