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Charoen Pokphand Foods (CPF), the Thai agribusiness giant and the world’s largest shrimp farmer, is processing more of its own raw material in its value-added plants.
The single largest shrimp farming group in Thailand CPF, used to supply a considerable volume of their raw material harvest to the market, said Jim Gulkin founder of Bangkok-based frozen supplier Siam Canadian Group.
“However they currently supply much less into the market for other processors, as their own value-added plants have been absorbing more and more of the harvest,” Gulkin told The Buzz.
CPF is using larger volumes of shrimp in processed items, such as its wanton soup products, but that is not all.
“It is likely that they will increase their own production this year of standard commodity shrimp items – such as EZ peel, CPTO, peeled and de-veined (P&D).”
Gulkin, and several other executives told The Buzz that Thai farmers are likely to concentrate on smaller sizes this year.
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