BANGKOK, 11 Mar 2014 — According to the Department of Fisheries, the prices of shrimps have plunged as a result of a drop in export orders.
The Director General of the Department, Niwat Suthemeechaikul, revealed that on Monday the price of shrimp was at 175 baht per kilogram, a significant fall from the average price during January – February, which was in the range of 220-235 baht a kilogram. Mr. Niwat suggests the decrease in global demand will prompt local suppliers to reduce their stocks. However he pointed out that the development singles out bigger wholesalers, making way for small retailers to restock their supplies with a higher quantity shrimp.
Nonetheless shrimp prices are expected to return to normal from May or June onward, the Director General added. The sector should be able to produce an ample supply of shrimp during the period. Mr. Niwat also said farmers would have enough time to eliminate traces of EMS before their next cultivation, supplying the market with healthy, properly raised shrimps.
