Indian Seafood Exporters Jump as China Considers Renewed Ban on Japanese Imports

Indian seafood exporters saw a sharp surge of up to 11% on Wednesday after reports suggested China had informed Japan of its plans to suspend seafood imports, potentially reviving a ban it had only recently eased. The development could significantly disrupt Japan’s seafood trade, which once relied on China for more than 20% of its exports, while redirecting demand toward alternative suppliers like India.

Industry analysts say the shift could offer much-needed relief for Indian exporters hit hard by steep U.S. tariffs—raised to as high as 50% in August—which triggered a nearly 9% decline in shipments to the American market in October. With global seafood exports from India valued at $7.4 billion last year, and shrimp making up 40%, companies such as Avanti Feeds and Coastal Corporation have been working to diversify, including expanding into China to reduce dependence on the U.S. market.

Investor sentiment reflected renewed optimism, with Avanti Feeds rising about 10%—its biggest jump in more than two months—and Coastal Corporation gaining 5%. The sector also received a boost after India’s cabinet approved a 450.6 billion-rupee support package aimed at labour-intensive export industries, including seafood and shrimp.

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