ID :
35973
Tue, 12/16/2008 - 18:39
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Shortlink :
http://m.oananews.org//node/35973
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Thai shrimp producers cutting production in looming crisis
Thai shrimp producers cutting production in looming crisis
BANGKOK, Dec 16 (TNA) – Thai shrimp farmers will decrease production by 20 per cent in response to the world economic crisis.
President Somsak Paneetatyasai of the Thai Shrimp Association said Thailand currently could produce 490,000 tonnes per year and that the export price was satisfactory at 231 baht per kilogramme.
The price is not likely to drop further as local shrimp farmers earlier cut their production by 20 per cent while increasing production efficiency to meet standards.
The shrimp farmers 20 per cent production cut was to stabilise production at about 390,000 tonnes per year to stabilise prices and profits amid concerns about the economy in Thailand's key export markets like the US, where orders dropped by four per cent from January through October 2008.
Japan and Australia also are tending to reduce their imports of Thai shrimp as well.
The association said it believed that the shrimp export market had an opportunity to grow in the future because of lower production cost and normally being part of consumption particularly in the fast food market, the new foreign market for Thai shrimps. (TNA)
BANGKOK, Dec 16 (TNA) – Thai shrimp farmers will decrease production by 20 per cent in response to the world economic crisis.
President Somsak Paneetatyasai of the Thai Shrimp Association said Thailand currently could produce 490,000 tonnes per year and that the export price was satisfactory at 231 baht per kilogramme.
The price is not likely to drop further as local shrimp farmers earlier cut their production by 20 per cent while increasing production efficiency to meet standards.
The shrimp farmers 20 per cent production cut was to stabilise production at about 390,000 tonnes per year to stabilise prices and profits amid concerns about the economy in Thailand's key export markets like the US, where orders dropped by four per cent from January through October 2008.
Japan and Australia also are tending to reduce their imports of Thai shrimp as well.
The association said it believed that the shrimp export market had an opportunity to grow in the future because of lower production cost and normally being part of consumption particularly in the fast food market, the new foreign market for Thai shrimps. (TNA)
