Thailand Shrimp Market Update : September 23, 2015
Second Thailand shrimp crop is looking better than the first. Higher survival rate. Moreover, the US market has becoming more active during the second half of 2015.
Multiple large shrimp program orders have been placed in Thailand for shipment through November.
Shrimp raw material demand from Thai packers with US program contract business will remain strong through the end of November.
Thailand shrimp farmers seems to be getting a better return and this is encouraging increase of production.
Currently looking like Thailand shrimp raw material output for 2015 will be close to 250,000 MT. Could even be as high as 260-270,000 MT.
Lower USD/Baht exchange rate is helping Thailand shrimp processors offer more competitively. Sales are increasing.