Vannamei Shrimp Prices in Samut Sakhon, Thailand, Drop to Multi-year Lows

As of June 19, 2023, wholesale prices of vannamei shrimp in Samut Sakhon, Thailand, were experiencing their lowest monthly average since at least mid-2020, at THB 118.61/kg. This represents a decline 22% year-over-year,, the eight consecutive YoY decline and the widest since at least 2021. Prices are seeing a decline as the global market remains oversupplied.