On February 4, 2026, shares of several Indian seafood and fisheries-related companies showed gains in early trading, with some recording sharp increases. This movement occurred around 9:57 AM IST, following the recent India-US trade agreement that reduced tariffs on Indian exports to the US.
Key Stock Movements (as of 9:57 AM IST, February 4, 2026)
- Avanti Feeds: Rs 1,055.05, up 10%
- Apex Frozen Foods: Rs 354.50, up 1%
- Mukka Proteins: Rs 24.09, up 0.25%
- Kings Infra: Rs 140.65, up 1.85%
- Zeal Aqua: Rs 12.49, up 10.63%
These figures reflect intraday performance and are subject to change during market hours.
Background on the Trade Agreement
India and the United States reached a trade deal announced on February 2, 2026, by US President Donald Trump following discussions with Prime Minister Narendra Modi. The agreement reduces US reciprocal tariffs on Indian goods to 18% from previous levels (reported as 25% or higher in some contexts, with additional penalties previously applied). In exchange, India agreed to halt purchases of Russian oil and increase imports of US goods in sectors like energy, technology, and agriculture.
India is a major exporter of fisheries and allied products to the US, with annual exports valued at approximately $2.5 billion (based on recent figures). Shrimp and other seafood products form a significant portion of these shipments. Higher tariffs in prior periods had increased costs, reduced competitiveness against suppliers like Ecuador and Indonesia, and contributed to declines in export volumes and values in recent months.
The tariff reduction to 18% is expected to ease these pressures, improve pricing for Indian seafood in the US market, and support recovery in shipments. The Seafood Exporters Association of India (SEAI) indicated that exports could rebound to previous levels as a result.
