Thailand’s shrimp exports expected to recover

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shrimp vendorThailand, formerly the world’s largest exporter of shrimp, sees a recovery in exports after a disease and lower global demand caused shrimp exports plummet by 38.4 per cent in volume in the first ten months of 2013. Volume was down to 175, 713 tonnes, and by 28.89 per cent in value to $1.76 billion.

Somsak Praneetatyasai, president of the Thai Shrimp Association, said on December 18 that it was estimated that shrimp exports would reach 200,000 tonnes by the end of 2013 and jump 20 per cent to 240,000 tonnes worth $2.2 billion in 2014.

“With stringent control of disease and innovation in shrimp hatcheries, output should increase next year. Shrimp production should be back to normal by the second quarter. Shrimp exports should also rise, thanks to more supply and stronger demand from importing countries including the US, EU and Japan,” he said.

The association forecasts total domestic production expanding by 20 per cent to 300,000-320,000 tonnes in 2014 after 2013’s total output plunged by 54 per cent to only 250,000 tonnes due to the spread of early mortality syndrome in shrimp hatcheries.

About 50-70 shrimp hatcheries have suspended operations due to the disease, but farmers still maintained some hatcheries to raise shrimp due to the higher return.

Due to lower shrimp production, Thailand this year lost its title as the world’s largest exporter to India and Ecuador. However, with the strict measures to restore shrimp hatcheries, Thailand should become the world champion again in two years, the association said.

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Reading Time: 1 minute

Thailand, formerly the world’s largest exporter of shrimp, sees a recovery in exports after a disease and lower global demand caused shrimp exports plummet by 38.4 per cent in volume in the first ten months of 2013. Volume was down to 175, 713 tonnes, and by 28.89 per cent in value to $1.76 billion.

Reading Time: 1 minute

shrimp vendorThailand, formerly the world’s largest exporter of shrimp, sees a recovery in exports after a disease and lower global demand caused shrimp exports plummet by 38.4 per cent in volume in the first ten months of 2013. Volume was down to 175, 713 tonnes, and by 28.89 per cent in value to $1.76 billion.

Somsak Praneetatyasai, president of the Thai Shrimp Association, said on December 18 that it was estimated that shrimp exports would reach 200,000 tonnes by the end of 2013 and jump 20 per cent to 240,000 tonnes worth $2.2 billion in 2014.

“With stringent control of disease and innovation in shrimp hatcheries, output should increase next year. Shrimp production should be back to normal by the second quarter. Shrimp exports should also rise, thanks to more supply and stronger demand from importing countries including the US, EU and Japan,” he said.

The association forecasts total domestic production expanding by 20 per cent to 300,000-320,000 tonnes in 2014 after 2013’s total output plunged by 54 per cent to only 250,000 tonnes due to the spread of early mortality syndrome in shrimp hatcheries.

About 50-70 shrimp hatcheries have suspended operations due to the disease, but farmers still maintained some hatcheries to raise shrimp due to the higher return.

Due to lower shrimp production, Thailand this year lost its title as the world’s largest exporter to India and Ecuador. However, with the strict measures to restore shrimp hatcheries, Thailand should become the world champion again in two years, the association said.

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