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Thai frozen shrimp export up
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Shrimp exports from Thailand are expected to jump eight percent due to declines elsewhere.
Shrimp farms in Indonesia and Brazil have been hit by the myonecrosis virus while the US is expecting lower catches due to the oil spill in the Gulf of Mexico.
Panisuan Jamnarwej, President of the Thai Frozen Foods Association, told the Bangkok Post frozen shrimp exports were promising this year given the higher purchase order in the first quarter. In the first three months of 2010, Thailand exported US$587 million worth of frozen shrimp, up 34 percent year-on-year.
Thailand is expected to produce between 570,000 and 580,000 tonnes of frozen shrimp this year, with exports expected to increase eight percent year-on-year to 350,000 tonnes.
The virus which hit shrimp farms in Indonesia is expected to cause a 20 to 30 percent drop in exports, from 250,000 tonnes per year to 160,000 tonnes. Brazil, which exports 50,000 tonnes of frozen shrimp a year, is expected to face a similar situation.
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