Thai shrimp exporters are losing its market share in the US market.
Industry figures show that in the past five months, The volume of Thai shrimp exports to the United States has dropped 22 percent to 48,000 metric tons. During the same period shrimp exports to the United States from Ecuador rose 27 percent to 35,000 metric tons.
Average farmed shrimp prices from Thailand are 10 to 20 percent higher than its competitors, said Paka-on Thpayatanadaja, head of microeconomic research at Kasikorn Securities.
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