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Wednesday, December 23, 2020

Thai vannamei shrimp prices rise further; Vietnam's drop from 2020 high - Undercurrent News

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The latest prices for ex-farm, head-on, shell-on vannamei shrimp in Thailand are up almost across all sizes in week 51, according to the data from the Talay Thai wholesale shrimp market, the largest shrimp auction market in central Thailand, as provided to Undercurrent News.

Prices for 60 and 70-count shrimp in Thailand rose for the seventh consecutive week to THB 172.50 ($5.72) per kilogram and THB 157.50/kg, respectively, and up 6% and 2% in week 51.

This increase took place the same week several COVID-19 cases were linked to the Talay Thai market. On Dec. 18, four cases were reported in the Samut Sakhon province, a number that jumped to 689 two days after, the country’s worst outbreak so far.

Thailand's health ministry said it would continue to aggressively search for infections the province, a manufacturing center and seafood industry hub, Bloomberg reported. Migrant workers from Myanmar make up the majority of the 689 new cases.

Thailand's Charoen Pokphand Foods, the world's largest shrimp supplier, and seafood giant Thai Union Group will continue their operations normally, assuring customers that their supply chains remain untouched by the COVID-19 outbreak.

Prices for 80 counts, however, dropped by 5% to THB 135.00/kg, as the chart below -- which is available on Undercurrent News' prices portal -- shows.

In contrast, HOSO vannamei shrimp prices in Vietnam in week 52 show a decline after reaching this year's high the previous week, according to the data provided in collaboration with the Vietnamese fisheries platform Tepbac. 

Thus, prices for 50 and 80-count vannamei shrimp fell by 8% to VND 132,000/kg ($5.71/kg) and VND 110,000/kg in week 52, the equivalent of $5.71/kg and $4.76/kg, as the data below shows. 

However, prices for 100-count vannamei shrimp rose by 12% to VND 100,000/kg. 

Conversely, prices for 20 and 40-count black tiger shrimp in Vietnam continued to increase by 6% and 3%, respectively, to VND 380,000/kg and VND 185,000/kg in week 52. 

However, prices for 30-count black tiger shrimp remained flat at VND 250,000/kg, according to the data. 

Contact the author [email protected]

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December 22, 2020 at 11:44PM
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Thai vannamei shrimp prices rise further; Vietnam's drop from 2020 high - Undercurrent News

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