Exec predicts continued weak shrimp market for much of 2015, but further recovery from EMS is expected.

Dominic Welling

Published: 18.12.2014 14:57

Updated: 18.12.2014 14:35

IntraFish: What were the three most significant developments for your business in the seafood industry in 2014?

Jim Gulkin:

1. The increase of shrimp supplies in India, Indonesia and South/Central America.

2. The continuing challenges presented by EMS [Early Mortality Syndrome].

3. Continued expansion of our business globally – sales exceeding $315 million (€251.9 million) for 2015.

Intrafish: Looking ahead, what will be the three most important developments in 2015?

Jim Gulkin:

1. We expect to see further recovery in Thailand from EMS and increased production.

2. We expect shrimp market to remain weak for much of 2015.

3. Further expansion of production in India, Indonesia and further recovery from EMS in Vietnam and China

IntraFish: What changes and developments do you expect your business to undergo next year?

Jim Gulkin: Our exports from Indonesia, India and Vietnam will continue to grow. We expect some recovery to our business in Thailand. We will face challenges with a likely softer shrimp market in 2015 due to increasing production.

Source:

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Email: info@siamcanadian.com