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February 27, 2015

Thailand

2015 Shrimp Production Forecast by Thai Union

 

Thai Union Frozen Products Public Company Limited (or the Thai Union Group, or Thai Union, or the acronym TUF), a Thai-based company that supplies seafood to world markets, elaborated on the outlook for Thai shrimp production in its latest financial report.

 

In the second half of 2015, TUF expects a gradual recovery of the Thai shrimp industry that would boost production for the year to 250,000 metric tons, an increase of 25% over the 200,000 tons produced in 2014.

 

Also, Thailand’s Department of Fisheries conducted a survey of the country’s shrimp industry and estimated that production could reach 300,000 to 400,00 metric tons in 2015, implying a growth rate of 50% to 100%, which is just not compatible with the experience of other countries that have recovered from EMS.  To overcome EMS, shrimp farmers are using lower stocking densities and harvesting smaller shrimp, so the optimistic forecast of the Department of Fisheries is not likely to happen.  The most optimistic production for Thailand in 2015 would be somewhere between 250,000 and 300,000 tons.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  TUF Forecasts 250,000 Ton Shrimp Export Volume in 2015 for Thailand.  John Sackton.  February 27, 2015.

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