Vannamei Exporters in Thailand Justify high prices : July 3, 2018
Thailand was already higher priced than other Vannamei shrimp producing countries. Although demand from US and Canada seems strong, very few buyers can afford current prices from Thailand. Some buyers are willing to pay the higher prices because of the positive story that Thailand can now tell about its products.
Thailand vannamei exporters can show; responsible sourcing; 100% full traceability from finished product through the farm & hatchery including feed; and justification as an advanced sustainable seafood source. This matches the marketing requirements of increasing numbers of buyers.
China Buyers are paying much higher prices for Live Frozen Vannamei shrimps. In some cases this is $1 per kg more than USA, Canada and Japan buyers.