Shrimp exports set to grow 10-15%
Thai shrimp exports are expected to grow by 10-15% next year, with domestic supply to hit a record high four years after Thailand began wrestling with early mortality syndrome. Somsak Paneetatyasai, president of the Thai Shrimp Association, said the country’s overall shrimp industry has been recovering as farmers have achieved greater know-how in improving their techniques and upgrading their operations to prevent EMS outbreaks. “Most Thai shrimp farmers have learned that to prevent the disease, shrimp should be raised in clean ponds with healthy, juvenile shrimp,” he said. “We expect brighter prospects for the industry next year for shrimp, not only for prices but also for production.” The association forecasts Thailand will end this year with shrimp shipments of 200,000 tonnes, up 25% from a year before, worth 60 billion baht, a rise of 23% from 2015. Thailand shipped 160,935 tonnes worth 54.5 billion baht from January to October this year, up 25.9% and 23.1%, respectively.
