Acquaculture Sector

Seafood and aquaculture firm King's Infra Inventures on Monday launched a digital platform 'SISTA360', that provides transparent, traceable and profitable solution for the entire acquaculture value chain. On its digital platform, the Bengaluru-based acquaculture startup provides sustainable protocols, quality inputs and one-stop solution to people engaged in the acquaculture business. "While the aquaculture sector has been relatively untouched thus far, I firmly believe that it holds immense potential to propel India toward its 10 trillion-dollar economic goal," Lok Sabha MP from Kerala N K Premachandran said at the launch. With SISTA360 services, King's Infra Ventures Chairman and Managing Director Shaji Baby John said, "I hope farmers will start on a new blue revolution. With only five per cent of natural resources been used, there is scope for growth in acquculture." Aquaculture farmers are a backbone of this sector, while processors and hatchers are accessories. "Unless farmers

Shares of Avanti Feeds, Coastal Corporation, and Waterbase soared up to 20 per cent in trade, as against a 2.05 per cent climb in the S&P BSE Sensex

After slowing down for a while, Indian aquaculture companies are stepping ahead for a turnaround, due to revival in demand from America, the world's largest consumer.Most companies saw a sharp decline in revenue and profit till the December '17 quarter, spilling over in some cases to the March '18 one, too. However, leading companies in the segment posted an increase in sales and profit during the June 2018 quarter. This was thanks to a high import duty levied by the US government on its largest supplier, China, in an ongoing trade war.Starting with 15 per cent early this year, the US administration raised the duty on shrimp and other aquaculture products from China to 25 per cent in the latest round of tariff levies, totalling $200 billion. Experts believe US orders would now shift to India."All players in the industry believe the worst is behind, US demand has recovered and would accelerate as the festive season begins. Both international shrimp prices and Indian farmgate prices ...