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February 20, 2014

India

Avanti Feeds’ Stock Soars 150%

 

Avanti Feeds, which produces shrimp feed for domestic and international markets, has seen its stock soar 65% in the last month and 150% in the last six months.  In the last nine months, its revenues have increased 74%, and its after-tax profits have increased 134%.  According to Indra Kumar, chairman and managing director, rising demand for shrimp in China, the USA and Japan has given a big boost to the company’s sales.  Its feed plants in the states of Gujarat and Andhra Pradesh, which together produce 140,000 metric tons of feed annually, are operating at 90-100% of capacity, and it has set up another 85,000-ton plant in Andhra Pradesh that will begin operations in March 2014.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Shrimp Company Stocks Soar in India as Investors Take Note of Global Demand for Country’s Shrimp.  Michael Ramsingh (phone 1-732-240-5330, email michaelramsingh@seafood.com).  February 20, 2014.

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