Summary
Shrimp farmers in India are facing challenges due to high tariffs imposed by the United States, affecting shrimp prices and profitability. India, as the second-largest shrimp producer globally, relies heavily on the U.S. market but fears losing it due to these tariffs. Farmers are taking risks by growing extra shrimp crops, which increases the chance of disease and financial loss.
Key Facts
- India is the world's second-largest shrimp producer, after Ecuador.
- The U.S. is a major market for Indian shrimp, taking 48% of its shrimp exports.
- U.S. tariffs on Indian shrimp include duties totaling 58.26%.
- Shrimp prices have fallen from 300 rupees to 230 rupees per kilogram.
- The cost to produce shrimp remains high at 275 rupees per kilogram, resulting in losses.
- Shrimp farming in India employs around 10 million people.
- Farmers have expressed concerns about ongoing losses and potential market exit.
- Importation of brood stock from the U.S. sometimes results in low-quality seeds that lead to disease.
