Overview
- CareEdge reports 5MFY26 shrimp export value up 18% to $2.43 billion with volumes up 11%, as commerce ministry data show April–October marine exports up 16.18% to $4.87 billion.
- Non‑US destinations generated 86% of the incremental value, with shipments to these markets rising 30% year‑on‑year to $1.38 billion and their share climbing to 57% from 51%.
- Effective US duties on Indian shrimp averaged about 18% between April and August and rose to nearly 58% after August, undercutting competitiveness versus Ecuador and Indonesia.
- China remained the largest buyer with exports up 16%, Vietnam’s purchases doubled to $0.18 billion as a re‑export hub, and Belgium’s intake doubled to $0.14 billion on stronger EU demand and better traceability compliance.
- CareEdge warns momentum could soften in H2 FY26 due to US pressure and weaker fresh orders, while new market access efforts and added approvals for shipments to the EU and Russia are expected to provide support.