Shrimp exports revive, but rising feed costs hit aqua farmers

Aqua farmers in parts of Visakhapatnam district are heaving a sigh of relief as shrimp exports have gradually resumed following the easing of tensions in West Asia. However, the sharp rise in feed prices and diesel shortage continues to weigh heavily on the sector.

Shrimp cultivation is being carried out in nearly 3,000 acres across Payakaraopeta, Nakkapalli, S. Rayavaram, Paravada, and Achyutapuram mandals.

“April to July is usually the most profitable period for aqua farmers, as shrimp prices remain favourable during these months. However, exports were severely affected due to the conflict in West Asia,” said an aqua farmer from Nakkapalli mandal.

According to farmers, exports had slowed considerably over the past few months. Though containers were occasionally shipped through cargo vessels, prices remained unremunerative. The price of 100-count shrimp reportedly declined by ₹30 to ₹40 during the period.

Exports from Visakhapatnam to countries such as the United States, Vietnam, China, Japan, Dubai, and Saudi Arabia were also affected, resulting in losses for farmers.

“With the situation gradually improving, exports have resumed, and prices are showing an upward trend. However, the steep increase in feed prices has become a major burden,” said aqua farmer Y. Chandrasekhar.

Farmers estimate that the hike in feed prices has increased expenditure by ₹60,000 to ₹70,000 per acre. Diesel shortage has further compounded the problems faced by the aquaculture sector, they added.

“Many farmers are reducing the extent of cultivation due to rising input costs. Those who earlier cultivated 10 acres are now limiting operations to around four acres,” Mr. Chandrasekhar said.