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Farmed shrimp is the main driver of Thailand's economy, black tiger shrimp and vannamei shrimp are the main exports, in the past 10 years, Thai shrimp farms have been plagued by infectious diseases, such as early death syndrome, this year's farmed shrimp production is expected to fall to 270,000 tons from a peak of 600,000 tons
in 2011.
in 2011.
Thailand remained the world's largest shrimp exporter until India overtook Thailand in 2012 and Ecuador in 2016
.
In August 2022, the Thai government made the unusual decision to import about 10,000 tonnes of shrimp from Ecuador and India in response to growing supply shortages in the country
.
.
In August 2022, the Thai government made the unusual decision to import about 10,000 tonnes of shrimp from Ecuador and India in response to growing supply shortages in the country
.
The Thai government and shrimp farmers set a guaranteed price of 119-180 baht per kilogram in August to protect local production, but shrimp farmers remain concerned about the impact of increased imports on local supply prices, many of Thailand's roughly 30,000 shrimp farmers are producing very little and have less bargaining power than processors, who often buy raw shrimp
from farmers at or near reserve prices.
from farmers at or near reserve prices.
Industry insiders fear that many shrimp farmers may leave the industry and instead hinder the recovery of domestic production, noting that ensuring a stable supply will require significant investment in research, including ways to prevent the spread of
the disease.
the disease.
Thailand has plans to set a production target of 400,000 tonnes per year for 2023, but addressing producer concerns is key to achieving this goal, with Thai shrimp mainly exported to the United States and Japan
.
.
