Avanti Feeds Suffers Reverses Due to Low Shrimp Prices, 20% Drop in Output
Avanti Feeds, India’s largest shrimp feed producer, has been trading on the Indian stock exchange since 2011.
This year is its worst year ever with the value of the company falling 59%.
With Indian shrimp prices in the US now down more than 20%, farm gate prices in India have tumbled as well. 80% of Avanti’s business comes from sales of shrimp feed, and only 20% from sales of processed shrimp.
Avanti says that shrimp output has dropped 20 to 25% year over year, based on...
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