Andhra Pradesh Minister Addresses Shrimp Feed Price Hike Concerns
Andhra agri minister warns shrimp feed firms against profiting from aquaculture farmers' hardships
Hindustan Times
Image: Hindustan Times
K Atchannaidu, the Fisheries Minister of Andhra Pradesh, has warned shrimp feed manufacturers against raising prices, which would adversely affect aquaculture farmers. Following his intervention, manufacturers agreed to suspend a proposed price hike of ₹10 per kg, prioritizing farmer interests amid rising raw material costs.
- 01Fisheries Minister K Atchannaidu warns against price hikes by shrimp feed manufacturers.
- 02Proposed price increase of ₹10 per kg was suspended after the minister's intervention.
- 03The aquaculture sector is facing challenges, and farmers' interests are a priority.
- 04A joint meeting will be held on May 15 to discuss sustainable solutions.
- 05Manufacturers cited rising raw material costs as a reason for potential price hikes.
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K Atchannaidu, the Fisheries Minister of Andhra Pradesh, has issued a warning to shrimp feed manufacturing companies regarding proposed price hikes that threaten the livelihoods of aquaculture farmers in the state. The manufacturers had intended to increase feed prices by ₹10 per kg, which would have imposed further financial strain on farmers already facing challenges. Following Atchannaidu's intervention, the manufacturers agreed to suspend the price increase. During a video conference with stakeholders, the minister emphasized that unilateral price hikes would not be tolerated and that protecting farmers' interests is a top priority of the coalition government. He announced a joint meeting scheduled for May 15 to find a mutually beneficial solution that considers the sustainability of the industry while safeguarding farmers' livelihoods. The Shrimp Feed Manufacturers Association acknowledged the need for price adjustments due to rising raw material costs but agreed to postpone any hikes in light of the minister's guidance.
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The suspension of the price hike will help alleviate financial pressure on aquaculture farmers, ensuring their livelihoods are protected during challenging times.
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