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News 184 views last update:6 Aug 2012

Thailand looking for new shrimp markets

Rather than relying only on the US market whose total export share amounts to 40%, Thai shrimp farmers, would be better off exploring new markets in Russia and the Middle East, reports the Fisheries Department.

The Department is in the process of implementing a new 2009-2011 roadmap, which will reduce dependence on the US market.

The volume of output would stay at above 500,000 tonnes per year, mainly from cultivated shrimp, while projected export revenue should exceed 100 billion baht (€ 2 billion), reports the Fisheries Department official.

It said that the first three year plan, ending this year, has met all the targets, pushing the industry's exports to 70-80 billion (€ 1.44-1.64 billion) on average and output volume to about 450,000 tonnes.

Another "plus", has been the enlargement of the shrimp farming areas by 10% and improving the yields of white shrimp and black tiger shrimp to over respectively 5,600 kilograms and 4,700 kg per ha from 5,000 kg and 2,200 kg last year, while "promoting a better shrimp farm environment that meets international standards and allows consumers to trace back production sources" (JR).

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