Thailand Shrimp Market Update : June 2, 2016
Shrimp raw material demand from Thai processors continues to be very strong with many orders on the books.
Raw material prices have been continuing to move up as a result of demand from processors but also from China market.
Chinese shrimp brokers are buying raw material themselves directly from Thailand ponds and doing very basic processing, i.e. HLSO blocks in non-mainstream factories and shipping to China via different routes.
The Chinese brokers are paying cash and above market prices in order to secure raw material. They’s are competing directly with Thai processors for the raw material and as a result further driving up the price.
Supply deficits in China and Vietnam are adding additional pressure. India supplies are also below expectations and prices there are moving up as well.