Avanti Feeds, Apex Frozen & More Shares Gain Upto 19% on EU Export Expansion

Shares of India’s leading seafood exporters, Avanti Feeds, Apex Frozen Foods, Waterbase, IFB Agro Industries, and Coastal Corporation, rose up to 19% on Wednesday, September 10.

Avanti Feeds opened with gains of over 8%, while Apex Frozen Foods surged 11%. Waterbase and Coastal Corporation also recorded gains of up to 7% in early trades.

European Union Expands Export Listings

The sharp rally follows the European Union’s approval of 102 new Indian fishery establishments for exports. This move could increase India’s export volumes by 16%, a long-standing demand from the Indian government.

The Commerce Ministry expects trading volumes to rise over 20%, signaling a positive environment ahead of the 13th round of India-EU Free Trade Agreement (FTA) negotiations.

Exporters Strengthen EU Presence

Marine exporters, who were recently impacted by a 50% US tariff, are now diversifying into the EU market. Avanti Feeds earned 17.4% of FY25 revenue from the EU, while Apex Frozen Foods saw its EU contribution rise from 26% in FY24 to 39% in FY25.

Both companies continue to strengthen their presence in the EU, benefiting from robust demand. Coastal Corporation, IFB Agro, and Waterbase are also key suppliers to the EU.

US Trade Talks Add Optimism

Investor sentiment received an additional boost after US President Donald Trump mentioned ongoing trade negotiations with India on Truth Social. He expressed optimism over a prospective trade deal and his eagerness to speak with Prime Minister Narendra Modi.

Also Read: GST Council Cuts Rates for Fisheries, Benefits 3 Crore Stakeholders!

Conclusion

The dual triggers of EU export approvals and positive signals from US trade talks have bolstered Indian seafood exporters. Companies are strategically expanding into non-US markets, positioning themselves for sustained growth in global seafood trade.

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