Indian seafood exporters jump on EU approval, US tariff talk hopes

Shares of seafood exporters jump on European Union approval for exports

Coastal Corporation COAS.NS, Apex Frozen APEX.NS amd Avanti feeds AVNT.NS rise 20%, 15% and 9.1% respectively

COAS set for best day in more three and a half years

The EU has approved 102 new Indian fishery units for export, boosting market access for aquaculture shrimp, squid and octopus

Rising hopes for India-U.S. trade talks also supports gains in seafood exporters

North America sales form 70% of AVNT's total sales and U.S. accounts for 56% for APEX's sales, as of Dec 2024

YTD, AVNT up ~7%; COAS and APEX down 31% and 7.6%, respectively