Thailand Shrimp Market Update : January 20, 2016
Thailand shrimp production – Expecting 12,000 MT production in January, 14,000 MT in Feb. However, we estimate, based on existing orders currently on the books that Thai processors will need 30,000 MT in Jan and 35,000 MT in Feb. Collectively, Thai packers have oversold.
As a result, prices have been moving up steadily since December and we see no scenario for prices to move down anytime in Q1.