Thai shrimp production is expected to reach 290,000 tons in 2024

Published 2024년 1월 3일

Tridge summary

Thailand's shrimp production is expected to remain at 280,000 tons in 2023, with exports estimated at 120,000 tons, resulting in higher earnings than previously estimated. The decline in Thai shrimp exports is attributed to low shrimp prices, increased production costs, farmer suspensions of breeding activities, and challenges related to diseases and unpredictable weather conditions. It is expected that global shrimp production will decline by 2% in 2024, while Thai shrimp production is expected to reach 290,000 tons, with potential opportunities to increase shrimp exports to the United States.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to news from SeafoodNews on December 29, Thailand’s shrimp production in 2023 will be the same as 280,000 tons in 2022, and exports are estimated to be about 120,000 tons, worth 50 billion baht, which is higher than the previous estimate of 144,113 tons and 50.9 billion baht. Earnings have declined. Ekapoj Yodpinit, Chairman of the Thai Shrimp Association, pointed out that the decline in Thai shrimp exports in 2023 is directly related to the low shrimp prices and rising production costs. Some farmers have suspended breeding activities due to high production costs. At the same time, diseases and unpredictable weather conditions It is also the main reason for the decline in farmed shrimp production. Production in the southern region of Thailand is expected to account for 33% of this year's total production, with the eastern region accounting for 25%, the southern Andaman Coast region accounting for 20%, the southern Gulf of Thailand region accounting for 10%, and ...

Source: Foodmate