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September 23, 2013

Thailand

Processors Stretch Out Shrimp Inventories

with Value-Added Products

 

Thai processors have begun stretching out their shrimp inventories by producing more value-added products, like tempura, nuggets and dim sum (a style of Cantonese food prepared as small bite-sized or individual portions, traditionally served in small steamer baskets or on small plates).  Siamchai International Food Co, based in the city of Ranong, has rolled out a line of shrimp nugget sticks and shrimp-noodle rolls.  “We’re able to get an extra 15 percent on the margin of certain value-added shrimp products,” said a company salesman, adding that shrimp tempura shipments to Japan have been strong in 2013.

 

Kanokknang Pongsathaporn, senior marketing manager at Golden Sea Frozen Foods Co., one of Thailand’s leading seafood exporters, said his firm had been able to stabilize earnings by increasing shipments of breaded shrimp cakes and rolls.

 

Nirachda Wongchinda, a senior market expert with Thailand’s Department of Fisheries, said, “We have to learn to use less shrimp” in our products.  Thailand has little space to shift into other aquaculture-based seafood species.  He added, it’s proven “very hard” to beat China in shrimp production, while Vietnam remains the dominant low-cost producer.

 

Source: SeafoodSource.com.  Editor, Sean Murphy (smurphy@divcom.com).  Thai Firms Value-Add to Limit Shrimp Losses.  Mark Godfrey (from Beijing, China).  September 19, 2013.

 

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