Coastal Corporation Faces 26% Tariff on Shrimp Exports to US, Sees Opportunity in Value-Added Segment

Coastal Corporation, an Indian exporter, has announced that the United States has imposed a 26% tariff on specific imported products from India, including shrimp. This development, while initially challenging, is seen as an opportunity for Indian exporters to expand their presence in the value-added segment, as they are now on a more level playing field with major competing countries like Vietnam and China. The company is confident in its cost competitiveness and production capabilities to meet this demand and capture additional market share. Discussions with U.S. buyers suggest that the majority are willing to absorb the increased cost, ensuring continued demand. The company is also proactively working to diversify its export markets, focusing on Japan, South Korea, China, Russia, and Canada.