Thailand Shrimp Update – Signs of EMS Recovery : June 10, 2015
There are signs of further EMS recovery in Thailand. From information we have in hand, survival rates have improved by 10-15% on average compared to last year. The improvement is largely in Eastern Thailand where shrimp is raised in lower salinity ponds compared to southern Thailand.
However, due to falling shrimp prices most farmers are not producing at full capacity. Therefore even increased survival rates, overall production in Thailand may not substantially increase.
Majority of pending orders in Thailand are booked for shipment to go between now through end July or early August and these are mostly small to medium sized shrimp, i.e. CPTO 51-60 to 71-90, EZ peel 31-40 to 51-60, raw P&D tail-OFF 71-90. It is expected that prices on these items/sizes from Thailand will likely remain firm till at least end July because demand from all processors to fulfill their needs for pending orders should remain strong through this period.
Major holiday business for USA has yet to be concluded. Expect some upward pressure on prices when major contracts begin to be placed.