News last update:6 Aug 2012

WTO US shrimp ruling benefits CPF

Charoen Pokphand Foods Plc (CPF) stands to benefit from the World Trade Organization's ruling against the United States in an anti-dumping case involving Thai shrimp exports. This ruling will lower US import duties for Thai shrimp to 3.18% from the previous 6.05%.

With the new ruling now in place, CPF president and CEO Adirek Sripratak, says he expects shrimp shipments to the US this year to amount to 40,000 tons, as compared with 34,000 tons last year.
"Shrimp exports to the US generally account for 20% of CPF's sales," he says, adding that it is the biggest market for shrimp, comprising 42-43% of exports, followed by Japan at 20%, the EU at 15%, with Australia and Canada, making up the rest.   

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