2024 Union Budget: FM Nirmala Sitharaman announced support for shrimp farming and marketing, and reduced basic customs duty on shrimp to 5%, which boosted shares of seafood producers.

Union Budget 2024: Shares of seafood producers and exporters soared after Finance Minister Nirmala Sitharaman announced the government will provide finance for shrimp farming and marketing. The government has also reduced basic customs duty on shrimp to 5%. The announcement led to a surge in the stocks of Zeal Aqua (9.27%), Kings Infra Ventures (8.15%), Coastal Corp (7.55%), Apex Frozen Foods (7.51%), and Waterbase (5.51%) on the BSE.

July 23, 2024
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