Rising farmgate prices
Raw material prices have increased by ₹30-40/kg recently, which could pressure margins if not offset by higher realizations.
APEXFROZENFOODS / bear-case history
Track the concerns that keep returning.
Apex Frozen Foods · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Anti-dumping duty increase
US anti-dumping duty on Indian shrimp is set to rise from 1.35% to ~3.5% effective Q4 FY26, increasing costs for US exports.
US demand elasticity post-tariff reduction
It remains unclear whether US consumer demand will sustain at higher price levels after the tariff reduction, potentially limiting volume recovery.
Competition from Ecuador
Ecuador remains a strong competitor in the US market with lower tariffs, and its supply is stable at 1.4-1.5 million MT, which could cap India's market share gains.