Thailand has been hit by flooding and is going to produce less shrimp this year and Vietnam and China have been hit by disease and bad weather, meaning global shrimp output in 2011 likely to be down on 2010.
However, prices have not increased dramatically on this news, as was seen in 2010 because of the Gulf of Mexico disaster in the United States.
“What I am seeing is that -- besides the fact that all Asian countries are supposed to have less production -- the market is not reacting in prices as expected when a low offer is ruling,” said Roberto Chamorro, general manager of shrimp farmer Camaronera de Cocle, part of Panamanian agribusiness company Grupo Calesa.
“At
