Poultry
xClose

Loading ...
Swine
xClose

Loading ...
Dairy & Ruminant
xClose

Loading ...
Aquaculture
xClose

Loading ...
Feed
xClose

Loading ...
Animal Health
xClose

Loading ...
RSS

October 31, 2011

Thai Shrimp Weekly: Logistics problems trigger rise in shrimp prices (week ended Oct 19)

An eFeedLink Exclusive
 

Price summary
 
Wholesale shrimp prices in Mahachai, Thailand's main seafood trading centre, rose by THB5/kg across the board this week on lower supplies caused by logistics problems.
 
But the buying rates among members of the Thai Frozen Foods Association have slid following a slowdown in processing activities. Rising waters have forced shrimp-processing plants in flood-hit areas of Central Thailand to shut down.
 
 
Market analysis
 
With many provinces outside Bangkok under water, transport of shrimp and other products to the market have been hampered. The amount of shrimp arriving at Mahachai throughout the week was below average, causing a small bump in prices.
 
Mahachai is in Samut Sakhon province in Central Thailand, where many areas are inundated.
 
Reported pond damage in some parts of Eastern Thailand, such as those in Chasoengsao province, has also contributed to the drop in supply in Mahachai, according to traders.
 
Central and Eastern Thailand, currently affected by the country's worst flooding in 50 years, account for about 30% of the country's total annual shrimp production. As a result of the current severe flooding, Thai shrimp production this year is expected to drop to 580-600 thousand tonnes, from 640 thousand tonnes last year.
 
Most of Thailand's farmed shrimp comes from the South. While the area has not been affected by the current heavy rains and flooding, the Thai Meteorological Department warned this week that Southern Thailand also faces possible heavy rain and threats of severe flooding from late October to November, traditionally the rainy season in that part of the country.
 
Last year, more than 1,000 shrimp farms in Southern Thailand were inundated, causing damage worth THB2 billion.
 
Akepoj Yodvinit, president of the Suratthani Shrimp Farmers Association, said farmers in Chumporn, Suratthani, Nakhon Si Thammart and Songkla provinces are preparing for the approach of the monsoon season by fortifying their ponds and by harvesting early.
 

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 12

October 19

October 12

October 19

October 12

October 19

40 pcs/kg

160

165

164.00

163.80

220-230

220-230

50 pcs/kg

145

150

146.60

147.00

190-200

190-200

60 pcs/kg

130

135

134.20

131.70

180-190

180-190

70 pcs/kg

125

130

128.80

125.00

170-180

170-180

80 pcs/kg

115

120

122.30

117.80

160-170

160-170

90 pcs/kg

105

110

114.20

110.00

150-160

150-160

100 pcs/kg

95

100

104.00

102.00

140-150

140-150

Note: Farm-gate prices are THB10-15 lower than those at Mahachai market.
US$1=THB 30.49 (October 31, 2011)

 


 
All rights reserved. No part of the report may be reproduced without permission from eFeedLink.
Share this article on FacebookShare this article on TwitterPrint this articleForward this article
Previous
My eFeedLink last read