Shrimp Feed Price Freeze in Andhra Pradesh
Shrimp feed manufacturers in Andhra Pradesh have paused a proposed price hike after state Fisheries Minister K Atchannaidu intervened. The hike threatened aquaculture margins, prompting discussions with industry representatives. The state aims to protect farmers' interests and support the aquaculture sector.
- Country:
- India
In a significant development, shrimp feed manufacturers in Andhra Pradesh have halted a planned price increase after state Fisheries Minister K Atchannaidu's intervention.
The hiatus comes after manufacturers proposed raising feed prices by up to Rs 10 per kg, which could have strained the aquaculture sector's already narrow profit margins.
Minister Atchannaidu, in a video conference with shrimp feed stakeholders, emphasized the government's commitment to safeguarding farmers' livelihoods and ensuring the sector's sustainability.
(With inputs from agencies.)
Advertisement
ALSO READ
Transport Strike Paralyzes Comoros Amid Fuel Price Hike
Fuel price hike: Cong trade union to stage protest before central govt offices in Kerala
Pidilite signals further price hike as West Asia crisis fuels 40-50% raw material inflation
Fisheries Secretary Likhi visits India's first ornamental fish brood bank in Maharashtra
Britannia shifts facility from Oman to India, considers price hike

