Thaifex 2017 blog: How EMS repainted the global shrimp picture :June 2, 2017
There’s too many players in the industry at the moment, and that’s the biggest headache of Thai shrimp producers, Jim Gulkin, managing director at trading company Siam Canadian, told IntraFish.
Although the EMS crisis is over, the consequences of it won’t be temporary, he said.
First because of the many countries that jumped into the shrimp export scene when Thai production fell so drastically, and second, because Thai shrimp production “will probably never be the same.”
Gulkin said production this year is better than last, albeit with some early rains impaction harvests.
“It’s better, but it will never be the same as it was once.”
Siam Canadian itself took advantage of the EMS situation, boosting sales from its offices around the world, and sourcing from different countries something that gave the company the chance to work on a wider net of suppliers.
According to Gulkin, around the Asian shrimp region, the situation is as follows:
- Indian production is good, and prices are relatively low, but they will stabilize in the coming two the three weeks.
- Vietnam, which has had ongoing production problems – although not as severe as Thailand – has low production at the moment. However, its efficiency in processing offsets the low production, as the country imports and exports large volumes from Indonesia and India. Prices are stable.
- Thai production is better, and it will grow compared with last year, but the early rains could have some impact on this.