Thailand's Vannamei Shrimp Prices Hit Rock Bottom in W23, Straining Farmers

During W23, the price of Vannamei shrimp in Thailand reached its lowest point, causing significant financial losses for farmers. With prices declining by approximately USD 1 per kilogram, the situation has become increasingly challenging for producers, persisting for over a month. This prolonged downturn has left farmers disheartened, as they lack the motivation to sustain their operations. Forecasts suggest that the supply of Vannamei shrimp will be severely limited in the coming three months, leading to a significant scarcity in the market. As a result, industry experts anticipate a sharp rise in prices.