[title element=’h2′ color=’fff700′]Larger Thai shrimp raw material prices fall, as smaller sizes rise : December 9, 2014[/title]
Tom Seaman – UNDERCURRENT NEWS
The prices for large sizes of Thai shrimp raw material are falling, as prices for smaller sizes continue to increase.
Prices for 60 per kilogram count Thai shrimp were THB 180/kg for the week Dec. 1-6, compared to THB 195-198/kg for Nov. 3-8. For 70 count, prices were THB 170/kg, compared to THB 190-193/kg.
The prices for 80 count were THB 160-162/kg, compared to THB 180-182.
“Thai packers do not have any pending orders on large sizes because over the past two-three months, Thailand shrimp prices have always been much higher than other countries, especially on large sizes,” said Satasap Viriyanantawanit, who manages the Thai business of Siam Canadian Foods.
“For the moment, the majority of pending orders in Thailand require only small sizes, where we can be competitive,” he said.
“As a result, we are seeing prices on these smaller sizes are going into an opposite direction. Head-on count 75 pieces per kg and smaller are continuing to move up around THB 6 to even THB 15 per kg during these last ten days,” he said.
“Packers are trying to secure enough raw materials on these small sizes to fulfill their need for pending orders. Prices on these sizes are likely continuing to move up until current orders are done,” said Viriyanantawanit.
CPTO 51-60 to 71-90; EZ peel 31-40 to 51-60; raw P&D tail-off 51-60 to 71-90; and CPND 71-90 to 100-150 are the main sizes, he said.
For large sizes – such as CPTO 31-40 and larger, HLSO EZ peel 26-30 and larger, raw P&D tail-ON 31-40 and larger – there is no demand.
“Also, currently prices from Vietnam, Indonesia and India are still much cheaper than Thailand — only on large sizes — and it should not be a smart idea for Thai packer to buy and hold stock on these sizes. They will be only losing money,” said Viriyanantawanit.
Prices on large sizes are coming down, as a result. “Anything that is larger than head-on count 70/kg. Prices on these sizes may even come down further.”