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What’s Aiding The Rally In Shrimp Stocks

Shrimp stocks have gained between 32 percent and 91 percent in the last six months.

A seaside shrimp combo dish is displayed for a photograph. Photographer: Michael Nagle/Bloomberg
A seaside shrimp combo dish is displayed for a photograph. Photographer: Michael Nagle/Bloomberg
Shares of shrimp exporters and shrimp-feed producers have surged on the back of growing demand and stable price of the seafood and improved financials.The Waterbase Ltd., Avanti Feeds Ltd., and Apex Frozen Foods Ltd. have gained between 52 percent and 91 percent in the last three months. Apex Frozen Foods gained the most as it commenced operations at a new plant in Andhra Pradesh, which increased its shrimp processing capacity by thr...
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