India’s sea food exporters now ready again to export 35-40,000 tonnes shrimp to US market after the announcement of pause in implementation tariff by US authorities
Currently the US is India’s largest seafood market, it holds around 34.5 % share of total export value. New Donald Trump administration imposed a 26 % tariff on the export from India, but in the latest development. now the US administration holds its implementation. This decision brings good relief to the exporters, now they are processing delayed shipment avoiding additional costs. it is significant, US remains India’s largest shrimp market. The total shrimp export value to US is about $ 2.7 Billion in last financial year
An industry representative said ” This 90 days pause provides exporters the opportunity to fulfill these orders without any extra cost”
In financial year 2023-24, the total shrimp export to the US were $2.7 Billion. As per business the United state remains the largest shrimp market in terms of volume and value both
