Thailand Shrimp Market Report : August 23, 2017
Thailand is reaching its peak production season however supply is much less than previously anticipated. According to vannamei exporters, during the peak production season, total national output should be in the range of 1,500 to 2,000 MT per day of raw material (HOSO basis).
However, according to our current information, total current landings in Thailand from vannamei suppliers are below 1,000 MT per day which is insufficient for Thai Shrimp processor’s and vannamei exporters requirements.
Current shortage from vannamei suppliers is a result of 3 main factors: 1. Common diseases such as white feces & white spot. 2. Poor weather conditions; over abundance of rain and ensuing floods. 3. Very strong demand from China market for their own domestic consumption. Chinese brokers have been buying aggressively, directly from Thai shrimp farms.
Several major Thai shrimp processors and vannamei exporters have orders on the books that will tie them up till at least end of October. These processors will need to complete their orders and arrange to ship out before deadlines. Majority of current orders are for pre-holiday deliveries.
Therefore, demand from vannamei suppliers will remain strong from both Thai processors and Thai based Chinese brokers. Also it is unlikely that supply will be significantly improving for the remainder of the year.
Therefore we believe that prices will remain firm or move up over the next 90 days.
Contact us : Siam Canadian Group Frozen Seafood Exporters for more information:
Email: info@siamcanadian.com