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US demand revival brings new hope to Indian acquaculture firms

With the US raising the duty on shrimp and other aquaculture products from China to 25% in the latest round of tariff levies, experts believe US orders would now shift to India

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Dilip Kumar Jha Mumbai
After slowing down for a while, Indian aquaculture companies are stepping ahead for a turnaround due to a revival in demand from America, the world's largest consumer. 
Most companies saw a sharp decline in revenue and profit till the December 2017 quarter, spilling over in some cases to the March 2018 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

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