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November 24, 2011
 
Thai Shrimp Weekly: Shrimp prices continue to rally as processors resume normal operation (week ended Nov 23)
 
An eFeedLink Exclusive   
 
     
Price summary
 
Thai shrimp prices continue to rally, rising by up to THB2-8/kg in Mahachai this week as most retail outlets started operating normally as floodwaters recede in Bangkok and nearby provinces.
 
The buying rates among seafood processors belonging to the Thai Frozen Foods Association were also up by THB2-5/kg as the threat of inundation in Samut Sakhon province, where most processed shrimp exporters are located, had subsided.
 
 
Market analysis
 
Floodwaters flowing out of Bangkok and nearby provinces had caused Samut Sakhon's mighty Tha Chin River to overflow, prompting the Federation of Thai Industries to warn the government that the country's lucrative shrimp and seafood exports were in peril.
 
More than 5000 factories, most of them seafood exporters and processors, operate in Samut Sakhon, employing more than 500,000 people. Thailand's number one seafood exporter, Thai Union Frozen Products (TUF), has its main plant in the Muang district of Samut Sakhon.
 
FTI estimated that the country would have lost THB150 billion in export revenues had the flooding materialised.
 
Samut Sakhon governor Chulaphat Saengchan assured local businesses this week that the threat of flooding in the provinces industrial zones was over. He said runoff water from the Tha Chin River and other canals had been successfully diverted to non-populated areas, away from where seafood factories are located.
 
Although the flood crisis in Bangkok and central Thailand has eased, shrimp exporters continue to worry about supply as heavy rains started to fall in southern Thailand.
 
November and December are monsoon months in the south and the Thai Frozen Foods Association fear that should flooding happen in the south, as they did about this time last year, shrimp supply could fall precipitously and jeopardise shrimp exports.
 
About 60% of the country's shrimp output comes from shrimp farms in southern Thailand, specifically in the provinces of Krabi, Chumpon, Suratthani, Songkhla and Nakhon si Thammarat.
 

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

Nov 16

Nov 23

Nov 16

Nov 23

Nov 16

Nov 23

40 pcs/kg

170

168

173.80

176.40

220-230

220-230

50 pcs/kg

158

160

153.60

158.60

190-200

190-200

60 pcs/kg

140

148

135.70

139.80

180-190

180-190

70 pcs/kg

135

142

130.00

133.80

170-180

170-180

80 pcs/kg

130

133

122.20

124.40

160-170

160-170

90 pcs/kg

124

128

114.00

117.90

150-160

150-160

100 pcs/kg

116

120

105.00

110.00

140-150

140-150

Note: Farm-gate prices are THB10-15 lower than those at Mahachai market.
US$1=THB 31.28 (Nov 24, 2011)

 

 


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