Shrimp exporting companies fall up to 8% after US hikes anti-dumping duty

Shares of companies engaged in shrimp production business have dipped by up to 8% on the BSE in intra-day trade after the United States, the largest market for Indian seafood, hiked anti-dumping duty on Indian shrimp exports to 2.34% from earlier 0.84%.

Waterbase (down 8% at Rs 271), Avanti Feeds (4.4% at Rs 2,254) and Apex Frozen Foods (3.3% at Rs 631) were down up to 8% on the BSE in intra-day trade in otherwise firm market. On comparison, the S&P BSE Sensex was up 1% at 33,631 points at 12:48 pm.

The Department of Commerce (DoC) has