Analysts: Thai shrimp prices to remain high in Q1

Thai raw material shrimp prices are expected to remain high until the second quarter of 2013 due to limited supply caused from early mortality syndrome (EMS) and bad weather in the south, analysts told IntraFish.

The EMS issue is still not yet completely solved, so supply is expected to remain tight, said a Bangkok-based analyst.

Raw material shrimp prices for this week ranged from THB 140 (€3.48/$4.63) to THB 180 (€4.47/$5.95), reaching the levels at the end of 2011 when Thailand had floods that decimated shrimp farming areas.

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