Avanti Feeds shares climb 14% amid heavy volumes;

Avanti Feeds: Compared to a two-week average volume of 22,000 shares, 4.03 shares have changed hands on the BSE thus far. Additionally, Apex Frozen shares increased 9% to a high of Rs 247.55.

Avanti Feeds had earlier in its Q1 Investor call said the outlook for the current year appears to be bleak as far as the improvement in the performance of the shrimp culture industry is concerned. — *The Agriculture Insurance Company of India is expected to introduce its shrimp crop insurance program today, according to Avanti Feeds and Apex Frozen.*

The counter experienced high trading activity, with 4.03 shares having been traded on the BSE thus far, compared to 22,000 shares on average over the previous two weeks.

An earlier press release from the Ministry of Fisheries, Animal Husbandry & Dairy claimed that an MoU would be inked between CIBA and NFDB; CIBA and FFPO of Gujarat for the implementation of crop insurance for aquaculture, including premium subsidies and technology support.

Technical session on “the current shrimp export scenario and immediate prospects, disease prevention and management with particular reference to Hepatopancreatic Microsporidiosis (HPM) caused by a Microsporidian (Enterocytozoon Hepatopenaei (EHP), crop insurance for shrimp farming, and development of genetically improved shrimp”

“A special session on aquaculture crop insurance and a panel discussion with the participation of inter-departmental officials to discuss about the requirements, especially on shrimp seed quality, shrimp price, diversification and electricity tariff etc. are scheduled in the conclave,” the press release continued.

The outlook for the current year appears to be dim as far as the improvement in the performance of the shrimp cultivation sector, Avanti Feeds had earlier stated in its Q1 Investor call.