Home/MARKETS/INDIA/Article
Breaking NewsMARKETS

Shrimp farmers sell locally as prices drop amid US-Israel-Iran war impacts

Kumba Venkatesh and his wife, Kondalamma, are selling large shrimp at ₹400 per kilogram on the outskirts of Vijayawada. They're grappling with falling prices linked to ongoing US-Israel-Iran conflict. In Andhra Pradesh, shrimp farmers, making up 35% of India's marine exports, are turning to local markets, but many are finding it hard to cope with substantial financial losses.

BRIC Team
BRIC Team
Jun 27, 2026 · 1 min read · 9 views
Shrimp farmers sell locally as prices drop amid US-Israel-Iran war impacts

Key Takeaways

  • Kumba Venkatesh and Kondalamma are selling large shrimp for ₹400 per kilogram, significantly lower than the market price of ₹450 to ₹500.
  • Andhra Pradesh accounts for approximately 35% of India’s total marine exports, highlighting its critical role in the industry.
  • Fish vendor Lakshman reports popular fish varieties like Catla and Rohu are now priced between ₹200 to ₹300 per kilogram.
  • Rising global crude oil prices have increased freight costs, disrupting shipments to the Middle East and affecting local farmers.
  • Several lakh individuals in Andhra Pradesh are facing financial losses due to the decline in export opportunities and surplus in the domestic market.

As fallout from US-Israel-Iran conflict drags on, shrimp farmers in Andhra Pradesh face plummeting prices and struggling exports. Many now turn to local markets,selling catch cheap to cut losses.

Near Vijayawada,Kumba Venkatesh and wife Kondalamma sell large shrimp for ₹400/kg . “We sold large-sized shrimp at ₹400 per kg . 20-30 count prawns are being sold at ₹450 to ₹500 in market,” Ms. Kondalamma said,showing price gap between their sales and market. The couple's move mirrors wider trend — more aqua farmers,fishermen taking to roadside sales to dodge financial strain .

Farmers busy in Eluru,Gudivada, Machilipatnam,often weekends. Fish vendor Lakshman noted popular fish like Catla,Rohu,Grass Carp go for ₹200 to ₹300/kg. Export decline means surplus at home,prices drop.

Andhra Pradesh, about 35% of India’s marine exports,sees shrimp,fish farmers hit hardest. Global crude oil price rise ups freight costs,disrupts shipments to Middle East,elsewhere. Many in aquaculture losing big money,thousands affected across state .

With international demand down,farmers shift focus to local markets,trying to find ways to keep afloat…

#Andhra Pradesh

Share this article

Related Articles

Donald Trump plans India visit in early 2024 to finalize trade deal, says Marco Rubio

Donald Trump plans India visit in early 2024 to finalize trade deal, says Marco Rubio

U.S. Secretary of State Marco Rubio revealed that President Donald Trump is set to visit India early next year, with a goal of bolstering bilateral relations. This trip comes on the heels of a successful meeting between Trump and Indian Prime Minister Narendra Modi during the G7 Summit, where trade negotiations are progressing toward a comprehensive agreement by May 2026.

BRIC Team

Jun 27, 20261 views
Renewable Power Purchase Agreement prices expected to spike in June 2026

Renewable Power Purchase Agreement prices expected to spike in June 2026

Ryan Kennedy of pv magazine cautions that clean energy buyers need to finalize renewable power purchase agreements before July 4 to steer clear of increasing prices. As tax credits begin to phase out due to Trump administration’s “One Big Beautiful Bill Act,” any delays could result in much higher project costs.

BRIC Team

Jun 27, 20267 views
UN Secretary-General Antonio Guterres calls for return to status quo in Strait of Hormuz

UN Secretary-General Antonio Guterres calls for return to status quo in Strait of Hormuz

United Nations Secretary-General Antonio Guterres expressed optimism about restoring stability in Strait of Hormuz, a crucial maritime route for global energy supplies. His spokesperson, Stephane Dujarric, highlighted the significance of upholding commitments outlined in the recent memorandum of understanding between United States and Iran to guarantee freedom of navigation.

BRIC Team

Jun 27, 20266 views
Karnataka hotels association urges government to rollback LPG price hike

Karnataka hotels association urges government to rollback LPG price hike

Karnataka State Hotels Association, under president G.K. Shetty, has called for a rollback of commercial LPG cylinder prices from ₹3,152 to ₹1,800. Shetty believes that lowering prices could provide much-needed relief to the hospitality sector, which is facing increasing operational costs and challenges from global events.

BRIC Team

Jun 27, 202611 views
Crude oil prices fall for third consecutive week as SHFE zinc rises 2.16%

Crude oil prices fall for third consecutive week as SHFE zinc rises 2.16%

Crude oil prices have fallen for three straight weeks, and on June 27, zinc saw a rise of 2.16% on Shanghai Futures Exchange. Analysts are keeping a close eye on inflation trends and the US Federal Reserve's hawkish approach, as these factors could impact gold prices in light of changing market dynamics.

BRIC Team

Jun 27, 20269 views
Cargojet and Air T report financial performance for Q2 2026

Cargojet and Air T report financial performance for Q2 2026

Cargojet announced gross revenue of $710.45 million alongside a net income of $57.40 million, greatly outpacing Air T's revenue of $272.47 million. This stark difference in financial performance could impact investor confidence, with Cargojet's figures indicating a more stable investment option, especially given Air T's absence of analyst ratings.

BRIC Team

Jun 27, 20269 views