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November 3, 2011

Thai Shrimp Weekly: Floods to shrink shrimp output by 40,000 tonnes this year (week ended Oct 26)

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Price summary
 
Domestic shrimp prices are stable despite Thailand's worsening flood crisis, which has so far destroyed hundreds of acres of aquaculture ponds and disrupted deliveries within the supply chain.
 
In Mahachai, there has almost been no movement in prices since last week, amid low supply and light trading. Changes in the buying rates among members of the Thai Frozen Foods Association during the week were negligible, ranging from only a few satang (cents) to one baht a kilogramme at the most, with the bigger sizes posting slight price increases.
 
 
Market analysis
 
The flooding, which has heavily affected Central Thailand, comes on the heels of the March-April inundation in Southern Thailand that swept away tonnes of farmed shrimp. More than half of the country's over 20,000 shrimp ponds are located in the South.
 
But while this year's double whammy will have huge impact on Thailand's shrimp output, their effect on exports would be minimal, according to Somsak Paneetatyasai, president of the Thai Shrimp Association.
 
According to him, Thailand's 2011 shrimp production is expected to drop sharply to 580,000-600,000 tonnes, from 640,000 tonnes last year. But he sees exports only shrinking to 390,000 tonnes this year, from 400,000 tonnes in 2010.
 
Somsak notes that shrimp farms in the South have fully recovered from the March-April flooding and have since resumed production.
 
Bunchong Nispavanit, president of Thai Eastern Shrimp Association, says the current flooding, which has affected Bangkok and 26 other nearby provinces, has largely spared Eastern Thailand, where 30% of the country's shrimp output comes from.
 
The region covers the provinces of Rayong, Chanthaburi, Trad, Nakorn Nayok, Srakaew, Chonburi, Prachinburi and Chasoengsao. Only Chasoengsao and Prachinburi have suffered from the flooding so far, he said.
 
Around 240 acres of shrimp farms in these two provinces have been washed out by floodwaters, according to him.
 

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 19

October 26

October 19

October 26

October 19

October 26

40 pcs/kg

165

165

163.80

166.00

220-230

220-230

50 pcs/kg

150

150

147.00

148.00

190-200

190-200

60 pcs/kg

135

135

131.70

132.00

180-190

180-190

70 pcs/kg

130

125

125.00

125.70

170-180

170-180

80 pcs/kg

120

115

117.80

118.00

160-170

160-170

90 pcs/kg

110

110

110.00

109.50

150-160

150-160

100 pcs/kg

100

100

102.00

101.00

140-150

140-150

Note: Farm-gate prices are THB10-15 lower than those at Mahachai market.
US$1=THB 30.79 (November 3, 2011)

 


 
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