Interesting insight from our CEO – Christopher Tan, the Thai shrimp industry needs to relook at the direction it’s taking or risk being left behind.
Thrilled & honoured to have been invited by the U.S. Grains Council to present on the current state of the Thai Shrimp industry to young Thai shrimp farmers.
Did you know:
- While Ecuador has increased their shrimp production fivefold in the past 10 years, Thai shrimp production has stayed stagnant?
- Ecuadorian shrimp production has continued to grow despite low prices in 2023.
- 80% of Thai shrimp is exported. Only 20% is consumed locally.
- Thailand’s shrimp industry is expected to be worth 1% of its GDP.
The industry should look inwards to its developing home market of 70 million people & its wonderful food scene!