Mixed messages on Thai flooding impact on shrimp prices

One executive said the potential impact of floods in Thailand is seeing prices for raw material rise, while another presented a different picture.

“Raw material prices did move up today [Tuesday],” Jim Gulkin, managing director of Siam Canadian Group, a frozen seafood exporter, told IntraFish. “Uncertainty is fueling a lot of speculation.”

However, Choopong Luesukprasert, managing director of Marine Gold Products, a Thai shrimp processor, sees prices coming down, then rising.

Although the floods are not hitting the farming areas yet, “I think it’s just a matter of time,” he said.

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