Frozen seafood exporters advise that Thailand shrimp Raw material prices reached bottom over the past few weeks. Prices on 30/40/50 pcs/kg vannamei shrimp are now moving back due to high demand, especially from China but as well from US & Canadian retail orders. Processors and shrimp suppliers are having to pay higher prices to secure raw material.
Medium sizes price is mostly stable at this time. Harvests for current crop will be largely finished by end October. The farmers might not raise the shrimp to larger sizes as weather is quite unpredictable with many storms hitting the country. Will be more medium sizes harvested than large sizes.
As Thailand shrimp prices have dropped shrimp farmers are pressuring government to support prices. They are pushing the government to stabilize shrimp price for the short term and for the longer term instate the pledging scheme that has been delayed. The minister of agriculture has taken the proposal and expected to give reply soon.