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May 16, 2013

 

Thailand

Two Items from John Sackton’s Seafood.com

 

Charoen Pokphand Foods, Thailand’s largest meat and animal feed producer and the country’s biggest player in the farmed shrimp industry, reported a 92 percent fall in first quarter 2013 earnings, saying that 70% of the fall was attributed to early mortality syndrome (EMS), a shrimp disease that has affected production in the entire country.

 

Thai Union Frozen Products, a shrimp farmer, a producer of shrimp feed and an exporter of farmed shrimp and other fishery products, made several statements about its shrimp business after reporting its second quarter 2013 earnings.  Wai Yat Paco Lee, deputy general manager of Thai Union said, “Higher raw material costs and the continuing shrimp epidemic were a big part of the drop in sales and production, leading the company to increase product prices in the first quarter.”  To cope with the lower supply, Thai Union plans to import 20-30% of its shrimp from India and Ecuador.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  1. CP Foods Q1 Profit Plummeted 92 Percent Mostly from Shrimp Disease Losses.  Ken Coons (kencoons@seafood.com).  May 14, 2013.  2. Thai Union to Import 20-30% of Its Shrimp from India, Ecuador To Cope With EMS Reduced Supply.  May 15, 2013.

 

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