Shrimp exports may dip by 18% in FY26

HIT BY US TARIFFS of over 59%, India's shrimp export volumes are projected to decline by 15-18% in the current fiscal, rating agency Crisil Ratings said on Friday.

- SANDIP DAS

"Realisations would fall, too, even as exporters look to change their product mix and scout for alternative export destinations," the agency stated.

Crisil stated that the revenues, which were stagnant for the past four fiscals, will decline 18-20% in FY26 compared to previous fiscal despite some cushion from a surge in shipments in the first quarter in anticipation of the tariff hike.