Avanti Feeds shares jumped over 8% in early morning trade on Wednesday after the European Union cleared 102 new Indian fishery establishments for exports. This move is set to strengthen India’s seafood trade with Europe and boost export opportunities for listed marine companies, including Avanti Feeds.
According to India’s Commerce Ministry, the addition of these units could increase India’s export volumes by nearly 16%, with trading volumes expected to rise by more than 20% immediately. Officials also noted that the EU’s decision sends a strong positive signal ahead of the 13th round of Free Trade Agreement (FTA) talks between India and the European Union.
The approval marks the fulfillment of a long-pending demand by India and comes at a crucial time, as marine exporters have been under pressure following the 50% tariff imposed by the US—India’s largest seafood market—under the Donald Trump administration. The EU is the second-largest export destination for Indian marine products, followed by China, Japan, and Vietnam.
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