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India’s Apex sees higher shrimp raw material price hit profits

With harvests low or delayed, shrimp prices in Q1 of the 2020 financial year are up year-on-year, taking quite a toll on Apex Frozen Foods' profits

By Neil Ramsden | Aug. 23, 2019 10:48 BST
Apex Frozen Foods' black tiger shrimp
Apex Frozen Foods' black tiger shrimp. Credit: Apex
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Much of the talk around farmed shrimp this year has been of low prices but, for India at least, raw material prices have actually been a step above 2018's levels for the first quarter of the 2020 financial year (commencing April 1, 2019) [...]

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