Indian seafood exporters surged as much as 11% on Wednesday following media reports that China had notified Japan of plans to suspend imports from the country, a move that could shift demand toward alternative suppliers such as India. A potential rise in demand could offer a lifeline to Indian seafood exporters squeezed by steep tariffs imposed by the United States, the country’s biggest market, with clients including major retailers such as Walmart and Kroger. Total seafood exports from India globally stood at $7.4 billion last year, with shrimp accounting for 40%.
