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Value of tuna, shrimp exports fall; profits up
The export value of Thai tuna and shrimp during the first seven months fell 2 per cent from the same period last year, but profit margin rose by 7-10 per cent due to lower raw-material prices.
Exports to new markets helped offset problems with the European Union market.
More shrimp totalling about 40,000 tonnes must be imported, as the Thai supply for the whole year is likely to be only 200,000 tonnes.
Chanintr Chalisarapong, president of the Thai Tuna Industry Association, said yesterday that the export value of Thai tuna and shrimp in the first seven months had dropped 2 per cent to about Bt50 billion.
However, in terms of quantity, there was a year-on-year increase of 8-10 per cent which, when coupled with a 30-per-cent fall in raw-material prices, resulted in a rise of 7-10 per cent in profit margin, which was good for the Thai tuna industry.
Poj Aramwattananont, president of the Thai Frozen Foods Association, said Thai shrimp still faced problems over Early Mortality Syndrome, which had caused a 42-per-cent decline in output from last year’s level to about 200,000 tonnes.
Shrimp prices have fallen by as much as 30 per cent due to the low output, which resulted in fewer Thai orders from shrimp importers around the world, he said.
Thailand is likely to import 40,000 tonnes of shrimp from India, Vietnam and Ecuador for local frozen-food factories to compensate for this year’s output shortfall, he added.
Boonrawd Brewery turns focus on realty
Singha Estate recently issued ordinary shares for a capital increase under the ticker symbol ‘S’, with chairman Chutinant Bhirombhakdi yesterday honouring the official launch of the stock of the listed company, formerly known as Rasa Property Development.
Singha Estate has a business policy that focuses on investment, development and management of real-estate products both for sale and investment. Its properties include residences, office buildings, hotels and other projects both in Thailand and elsewhere in Asean.
Its major shareholders are Boonrawd Brewery Group and Santi Bhirombhakdi, who together hold the 4,162,352,331 capital-increase ordinary shares of the former Rasa Property Development.
The capital increase was completed on September 12.
The board and management team of the developer have also changed, reflecting Boonrawd Brewery Group’s intention to engage fully in the real-estate business, which represents a major move in Thailand’s property industry, said Chutinant.
