Wednesday, April 6, 2011

Flooding to cost shrimp industry US$116 million

Floods in the country’s southern provinces have ruined 15 percent or around 50,000 tonnes of the year’s shrimp production and will make it impossible to meet the export target, said Thai Frozen Foods Association (TFFA) President Panisuan Jamnarnwej.  He estimates the loss of export revenue at THB 5 billion (USD 116 million), reports Bangkok Post.

Not only that, but Thai shrimp exporters are also seeing the consequences of the earthquake and tsunami in Japan, Panisuan said. The country has reduced its imports of frozen Thai shrimp since the catastrophic disaster that started last month. Read more ...

This blog is written by Martin Little The Aquaculturists, published and supported by the International Aquafeed Magazine from Perendale Publishers
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