Analysts at Bualuang Securities are anticipating "gradual growth" in Thai shrimp industry output in the first half of this year, after prices are showing signs of dropping again.
A slight decline in shrimp prices from November 2013 through January 2014 suggests shrimp supply bottomed out in October, Bualuang Securities said in an update.
The 60 counts/kg domestic shrimp price was THB 270 (€6/$8.20)/kg as of Jan. 7, down 4 percent from the October 2013 peak of THB 280 (€6.20/$8.50)/kg.
As a result, Bualuang Securities expects Thai Union Foods’ shrimp margins to have “fattened” in the fourth quarter of last year.
“In
