The coronavirus pandemic is driving a drop in farmed shrimp supply in 2020, but will also cause fundamental, longer-term changes to the market, said the founder of a big Asia-based supplier.
Jim Gulkin, the founder of Bangkok, Thailand-based Siam Canadian Group -- a frozen seafood supplier with offices across Asia -- believes Indian production could contract as much as 20% in 2020 to around 450,000-525,000 metric tons. Other Undercurrent News sources feel the drop could be as much as 30%.
In Vietnam, Gulkin reckons Indian production of vannamei and black tiger could be down 5-10% to 600,000t-650,000t. Gulkin also believes Thai production will be in the 220,000t-250,000t range. For 2019, production was around 250,000t. Prices are high in Thailand, due to the short supply, he said [...]
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