Early this year, Thailand's shrimp industry was beset with a slump in prices, in particular on smaller sizes. Nose-diving prices were attributed to shrimp farmers' increased production to meet rising exports. Due to climatic problems, most of the yield was of small size. Smaller farms have been in trouble because of an oversupply, which then caused prices to fall below production costs. As a way out, the government – in cooperation with the private sector – has launched a campaign to increase shrimp consumption. It is thus expected that the supply of shrimp will likely drop in 2H07, causing the full-year shrimp output to fall lower than earlier expected.
However, exports of shrimp products may continue to grow in 2007, albeit at a slower pace due to the stronger Baht that has affected competitiveness. On the plus side, however, demand for Thai shrimp products from key trade partners will help cushion negative impacts, somewhat. Consequently, exports of shrimp products for 2007 may total USD2.5 billion, a year-on-year increase of 9.6 percent.
-----------------------------------------------------------
Disclaimer: This research paper is arranged for public information, which has been obtained from sources believed to be reliable. KResearch does not warrant its completeness, reliability or accuracy for commerce or fitness for a particular purpose. The information contained herein may be subject to change at any time without notice. Reliance upon any information contained herein shall be undertaken at a user's own risk. KResearch shall not be liable to any user, or anyone else for any damage occurring from the use of any content herein. Nothing in this research paper shall be counted as containing any advice, recommendation or opinion for decision making in business.
Enter the code from the poll
Annotation
This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow.