Whalesbook
India's shrimp exports hit $2.43 billion in the first five months of FY26, marking an 18% increase year-on-year, with volumes rising 11%. Exporters are increasingly focusing on markets beyond the US, which now account for 57% of shipments. This shift is driven by new, higher US tariffs on Indian shrimp, which have significantly reduced price competitiveness, benefiting rivals. CareEdge Ratings anticipates a moderation in overall export growth due to these tariff pressures.