Thailand’s shrimp exports expected to decline 14 percent
Thailand’s shrimp exports are projected to fall 14 percent this year to only 150,000 tonnes, with values down 21 percent to some 44 billion THB (about 1.46 billion USD), mostly due to the pandemic and strong currency.
Thailand’s shrimp exports are projected to fall 14 percent this year. (Photo: Bangkokpost)
Bangkok (VNA) – Thailand’s shrimp exports are projected to fall 14percent this year to only 150,000 tonnes, with values down 21 percent to some44 billion THB (about 1.46 billion USD), mostly due to the pandemic and strongcurrency.
Somsak Paneetatyasai, president of the Thai Shrimp Association, said a secondwave of outbreaks in many countries has weakened demand for shrimp during theChristmas and New Year period.
The association forecast in December last year Thai shrimp exports wouldrecover to a 20 percent increase in 2020, in line with increased production.
However, for the first 10 months this year, Thailand's shrimp exports totalledonly 123,297 tonnes, down 9 percent year-on-year, with values down 11 percentto 35.9 billion THB.
According to Somsak, Thailand expects lower output this year of only 270,000tonnes, down 7 percent from 290,000 tonnes in 2019, attributable to shrimpdiseases and weak demand during the pandemic. The world's overall shrimpproduction is also forecast to drop by 3 percent to 3.32 million tonnes.
Heis upbeat about next year's prospects, forecasting the country's shrimpproduction will increase by 15 percent next year to 310,000 tonnes, with exportvolume also rising by 15 percent.
Next year's domestic demand is likely to surge, driven by the government'sconsumption stimulus measures mainly through the co-payment scheme, he said,adding domestic demand is estimated to take up about 25 percent of total shrimpproduction.
He said the association expects local shrimp consumption to increase by 40-50percent over the next five years.
The key obstacle for the shrimp industry is the THB, which has strengthened by11 percent from 2017, when the THB averaged 33.68 to the USD. The currency'sstrength is a national-level issue the government needs to tackle, hestressed./.
Prime Minister and Defense Minister of Thailand Gen. Prayut Chan-o-cha has affirmed that Thailand stands ready to play a constructive role in promoting an environment that is conducive to peace, stability, prosperity and sustainability in the region.
Thailand is promoting the concept of bioeconomy, which encourages the use of renewable resources and waste products to make value-added products, to support the country’s ambitious plan to make Thailand the biochemical industry hub of ASEAN by 2027.
The Government of Thailand looks to restructure the economy next year to attract foreign investors to new industries and establish a central e-commerce platform to boost online sales nationwide, local media reported.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Thailand’s shrimp exports are projected to fall 14 percent this year. (Photo: Bangkokpost) 
