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However, due to the soaring cost of global feed raw materials, the company’s net profit fell by 35% over the previous year to 1
100 million rubles ($29 millio.
Avanti’s annual report mentioned, “The prices of raw materials such as fishmeal, soybean meal, wheat flour, vitamin and mineral premixes, and packaging materials have risen sharply year by year, but the price of finished products .
shrimp feed) has very limited room for improvement, and feed manufacturers can only do so to a limited exte.
Passing on costs so that company profits are squeez.
”
shrimp feed) has very limited room for improvement, and feed manufacturers can only do so to a limited exte.
Passing on costs so that company profits are squeez.
”
Since the beginning of this year, the growth rate of Indian shrimp exports has slowed down and prices have fall.
According to data from the Indian Ministry of Commerce, the export volume of Indian shrimp products in the first five months of this year was about 257,000 tons, a year-on-year increase of 1%, while the US market sales fell by 3% year-on-year to 114,000 to.
In recent months, Andhra Pradesh, India's main producing region, has seen continuous declin.
The price per kilogram of 60-sized vannamei shrimp has dropped from $32/kg in February to $80/kg, a drop of as much as 2
According to data from the Indian Ministry of Commerce, the export volume of Indian shrimp products in the first five months of this year was about 257,000 tons, a year-on-year increase of 1%, while the US market sales fell by 3% year-on-year to 114,000 to.
In recent months, Andhra Pradesh, India's main producing region, has seen continuous declin.
The price per kilogram of 60-sized vannamei shrimp has dropped from $32/kg in February to $80/kg, a drop of as much as 2
Despite this, shrimp prices in Andhra Pradesh remained above the seven-year average in Ju.
Avanti forecasts that in the 2022-23 fiscal year (ending March 2023), India's shrimp exports will continue to grow, the national production is expected to increase to 850,000 tons, and Avanti's feed sales are expected to increase to 580,000 tons in the next fiscal ye.
Avanti forecasts that in the 2022-23 fiscal year (ending March 2023), India's shrimp exports will continue to grow, the national production is expected to increase to 850,000 tons, and Avanti's feed sales are expected to increase to 580,000 tons in the next fiscal ye.
Avanti said the company is building a new shrimp feed production plant with an annual production capacity of 175,000 tonnes and continues to expand its shrimp product processing capaci.
"Despite the difficulties we faced, our financial performance was only marginally lower than the previous year, and looking back at the 2021-22 financial year, there are good reasons to be pleased with the company's overall performance and look forward to the future with ho.
"
"Despite the difficulties we faced, our financial performance was only marginally lower than the previous year, and looking back at the 2021-22 financial year, there are good reasons to be pleased with the company's overall performance and look forward to the future with ho.
"
