The Buzz: Thai shrimp processors selling at below cost : February 24, 2012

‘Thai raw material prices remain high, but factories are selling at or below cost keep production moving.’ exec told The Buzz.

Thai shrimp processors selling at below cost.

US shrimp inventories are high; the US market is flat, said Jim Gulkin, managing director of Bangkok, Thailand-based frozen seafood supplier Siam Canadian Group.

“Thai raw material prices remain high, but factories are selling at or below cost of keep production moving.” Gulkin told The Buzz

“With expected pressure from India, Indonesia, Vietnam and South America, Thai raw material prices are going to have to move down at some point,” he said. “Thailand cannot compete at current levels.”

— Tom Seaman

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