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December 17, 2015

Thailand

Farmers Expect Better Production in 2016

 

Thai shrimp farmers and traders foresee brighter prospects for production and export in 2016 as they recover from early mortality syndrome (EMS), which has crippled the industry since late 2012.

 

According to the Thai Shrimp Association, shrimp production is expected to increase by 10 percent in 2016, while other countries, mainly India, the world’s largest shrimp producer, will have lower output after also facing shrimp disease.

 

On December 16, 2015, Somsak Paneetatyasai, president of the association, said, “Next year is expected to be a brighter year for the Thai shrimp industry as production increases after Thailand totally eliminates the shrimp disease [EMS]....  Buyers will purchase more Thai shrimp as they are highly confident about safety after India—a major rival—is faced with shrimp disease.”  He added that global shrimp prices should also increase next year because of a drop in supplies from other shrimp farming countries.

 

The association forecasts total domestic production expanding to more than 300,000 metric tons in 2015, up by about 15 percent from this year’s output of 260,000 tons, and an increase of 30 percent from 2013’s 230,000 tons, thanks to the reduction of EMS in shrimp hatcheries.

 

In 2015, because of shrimp diseases, shrimp production dropped in India, China and Vietnam.

 

In the first 10 months of 2015, Thai shrimp exports decreased by 1.21 percent to 127,871 tons, and their export value decreased 14.43 percent to $1.22 billion.

 

Source: The Nation.  Shrimp Producers Expect Brighter Year in 2016 After Disease Eliminated.  Petchanet Pratruangkrai.  December 17, 2018.

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