FRIDAY, March 29, 2024
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Shrimp exports expected by increase on 2020 but more govt support needed

Shrimp exports expected by increase on 2020 but more govt support needed

Exports of shrimp are expected to increase to 350,000 tonnes in 2020, 20-per-cent up over the past year which saw 290,000 tonnes exported valued at Bt60 billion, Somsak Paneetatyasai, president of the Thai Shrimp Association, has said.

Thai shrimp farmers have been hit by disease in their breeding programmes and protectionism from the US in the last two years leading to lower prices.
The Food and Agriculture Organization of the United Nations (FAO) has announced that shrimps are still much in-demand since shrimps netted at seas are now harder to catch and several countries including the US, the EU and China still have confidence in the quality of Thai shrimps.
However, the government will need to deal with the baht appreciation, which has led to lower revenue while also supporting research and development in shrimp farming so that Thailand can compete with other countries, help small shrimp farm owners access loans, and sign the Free Trade Agreement with the European Union as soo

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