Siam Canadian, established in Thailand in 1987 as a trading company and service provider in a variety of food products,
'I personally think that the slowdown's assumptions are exaggerated. I think it's mostly just too much inventory in the US right now' -- Jim Gulkin, CEO and founder, Siam Canadian Group
Though sources are waiting to see the impact of China's easing of COVID import regulations and its likely return to the market in greater quantities
Shrimp Raw material price in Thailand is very high at the moment. This year price is significantly higher than last year. From our reservation, the price of Nov2021 is higher than Nov 2020 around 10%.
The freight rate is still strong and it very difficult to get any space confirmation. Some liners do not offer the service to some ports like Chicago
Suppliers are finding that depending on different port, the freight from China to LA and New York is not same, from Zhanjiang to LA