Production surge of Indian shrimp might result in a price fall

A production surge of Indian shrimp might result in a price fall, say trade sources. Output of farmed shrimp was about 500,000 tonnes during the first three quarters of 2017, compared with 400,000 tonnes in 2016. 

Apart from India, the major producers of farmed shrimp were China, Ecuador, Vietnam and Indonesia. 

America is the largest market for Indian seafood. The US administration recently raised anti-dumping duty on Indian shrimp to 2.34 per cent, from 0.84 per cent. And, on shipment from Vietnam from 4.8 per cent last year to 25.39 per cent. Indian shrimp also goes to Vietnam for value addition and