According to data from the Talay Thai Shrimp Wholesale Market, the average spot price of all sizes of headed shell (HOSO) vannamei shrimp in Thailand rose again in the 43rd week.
After falling to the lowest point since 2018 a few weeks ago, the price of size 60 rose by 2.50 baht to 145 baht/kg during this period, and the price of size 70 and 80 also rose to 140 baht/kg and 127.50 baht/kg.
In US dollars, the price of size 60 is $4.36/kg; size 70 is $4.21/kg; size 80 is $3.84/kg.
According to the latest market update of the frozen seafood supplier Siam Canadian Group, the price of shrimp raw materials is expected to increase further by the end of 2021.
In addition, Thailand has been hit by several monsoon storms, and most of the country has been under flood warning status. Therefore, the supply of shrimp is expected to decline.
At the same time, freight rates continue to soar, and it is expected that it will not improve until the summer of 2022 at the earliest.
