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June 12, 2013

Thailand

EMS Will Cut Exports 30% to $40% This Year

 

Many shrimp-processing plants have temporarily reduced or suspended operations because shrimp diseases have reduced their supplies.

 

Poj Aramwattanont, president of the Thai Frozen Foods Association, said the shrimp industry was facing serious problems due to the lack of supply.  “The processing plants are struggling to maintain their business by reducing the working day, temporarily closing down, or reducing production capacity in order to survive during this critical period.”

 

Because of the outbreak of early mortality syndrome in the first half of this year, production has dropped by more than 50 percent from last year’s level of 200,000 metric tons to about 90,000 tons, Poj said. Shrimp production in the first quarter was 63,000 tons; in April, 13,000 tons; and in May, 8,700 tons.  Production in June is expected to be 8,000 tons.

 

Compared to last year, the cost of raw, whole, 50-count-to-a-kilogram shrimp has climbed from $5.17 to $7.75.  For 100-count-to-a-kilogram shrimp, the price has increased from $3.23 to $4.85.

 

As a result, the association projects that the volume of Thai shrimp exports will drop by 30-40 percent this year.  However, export value will not decline as much because producers have tried to add more value to their product and because the shortage of product is driving prices higher.  The value of shrimp exports this year is expected to drop by 10-20 percent.

 

According to Commerce Ministry data, the value of shrimp exports in the first four months dropped 19.3 percent from last year to $643 million.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Thai Frozen Food Assn President Says EMS Will Cut Shrimp Production More Than 30 Percent.  Ken Coons (kencoons@seafood.com).  June 12, 2013.

 

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