Thailand's 2022 shrimp production is expected to drop sharply because of the disease

Published 2022년 10월 7일

Tridge summary

Thailand's shrimp farming industry has seen a significant decline due to diseases, with the country's production expected to drop to 270,000 tons in 2022, down from over 600,000 tons at its peak in 2011. This has resulted in Thailand losing its position as the world's leading shrimp exporter, with India and Ecuador now taking the lead. In an effort to address the domestic supply shortage, the Thai government has imported around 10,000 tons of shrimp from Ecuador and India. The government and farmers have also set a minimum price for local shrimp to safeguard domestic production, but there are fears that importing more shrimp could drive down prices and force farmers to abandon the industry, hindering the recovery of domestic production. Thailand's long-term goal is to achieve an annual production of 400,000 tons, with the target set for no earlier than 2023.

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Original content

Shrimp is a very important food for Thailand. It is not only the main ingredient in Thai specialty dishes but also an engine of economic growth. Black tiger shrimp and vannamei are currently the two main export products of this country. Thailand's shrimp farming industry has been severely damaged by diseases for more than 10 years. The country's shrimp production is expected to fall to 270,000 tons this year, from a peak of more than 600,000 tons in 2011. Thailand was the world's top shrimp exporter until 2012, and lags behind India and Ecuador. in 2016, according to data from the Central Bank of Thailand. In August, the Thai government made the unusual decision to import about 10,000 tons of shrimp from Ecuador and India to solve the shortage of domestic supply. “All parties involved agree on the importation,” Chalermchai Suwannarak, director general of Thailand's Fisheries Department, said early last month. In addition, the government and Thai shrimp farmers in August set a ...

Source: Vietstock