Indian Shrimp Stocks Dip as US Proposes Tariff Act

Shares of Indian shrimp exporters fell on September 22, 2025, after U.S. Senators Bill Cassidy and Cindy Hyde-Smith introduced the India Shrimp Tariff Act in Congress. The bill aims to counter the alleged dumping of subsidized Indian shrimp into U.S. markets, which threatens Louisiana’s shrimp and catfish industries.

ds shares dropped 2.5% to Rs 715, Apex Frozen fell 3.5% to Rs 238, and Coastal Corporation declined over 1%. The proposed tariffs, potentially reaching 40% by 2028, seek to level the playing field for U.S. shrimpers facing competition from India’s lower-cost imports, which hold a 40% share of the U.S. shrimp market. The legislation has sparked concerns in India’s seafood sector over reduced export competitiveness.