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October 18, 2011

Thai Shrimp Weekly: Shrimp farms destroyed by flooding (week ended Oct 12)

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Price summary
 
Massive flooding in Central and Eastern Thailand, including the threat of widespread inundation in the capital Bangkok, kept traders away from the seafood-trading centre of Mahachai, causing shrimp prices to fall by THB5-10/kg this week. 
 
But with the rains and floodwaters wreaking further havoc on shrimp ponds in these areas, exporters are beginning to feel the pinch, raising their buying prices again this week as supplies continued to tighten.
 
 
Market analysis
 
The Department of Fisheries reported that around 100 shrimp ponds in Chasoengsao province near Bangkok have overflowed, raising the total damage to the Thai shrimp industry in the past two months to about THB100 million.
 
The Thai Frozen Foods Association, one-third of which are shrimp exporters, said they expect prices of shrimp, especially those of premium sizes, to soar in the coming weeks because of short supply.
 
Fisheries Department sources said shrimp farms along the 372-kilometre long Chao Phraya River, which snakes through several provinces, could not be operated in the next two months, leaving shrimp output to fall for the rest of the year.
 
But shrimp farmers in Southern Thailand, who now claim to have fully recovered from heavy flooding that cost them THB800 million in crop and farm losses during the first half of the year, pledge to intensify production to help make up for the expected Central and Eastern Thailand shortfalls.
 
Akepoj Yodpinij, president of the Shrimp Farmers Club in Surat Thani, says Southern Thailand, where more than half of the country's over 20,000 shrimp ponds are located, has been spared so far by the floods.
 
While they don't expect Southern Thailand production this year to match last year's level, Akepoj says Surat Thani farmers could be encouraged to step up production because of expected higher shrimp prices in the next few months.
 
Their only worry, however, is that the rainy season in Southern Thailand does not start until November. If this year's rains turn out to be as heavy as last year, then Thailand's shrimp export could be in real trouble, according to Akepoj.
 

White shrimp prices (in Thai baht) at Thailand's main markets

Unit of Measure: Thai Bhat

Shrimp size

Mahachai seafood market

Thai frozen foods association
benchmark price

Bangkok markets

October 5

October 12

October 5

October 12

October 5

October 12

40 pcs/kg

165

160

161.70

164.00

220-230

220-230

50 pcs/kg

145

145

145.80

146.60

190-200

190-200

60 pcs/kg

135

130

133.80

134.20

180-190

180-190

70 pcs/kg

130

125

128.20

128.80

170-180

170-180

80 pcs/kg

120

115

121.20

122.30

160-170

160-170

90 pcs/kg

115

105

114.40

114.20

150-160

150-160

100 pcs/kg

100

95

104.00

104.00

140-150

140-150

Note: Farm-gate prices are THB10-15 lower than those at Mahachai market.
US$1=THB 30.74 (October 18, 2011)

 


 
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