位置:News -> Industry News
HF Industry News

Thai seafood processors frustrated by the shortage of shrimp and Thai baht exchange rate

    Scarce supply and exchange rate fluctuations shrimp Thailand seafood processors become a nightmare, so far Thai seafood third-quarter financial reports of listed companies are not that good.

    Asian refrigerated seafood company in July to September loss 82 million baht ($ 260), last year's profit was $ 11 million. These figures are statistical performance of the company in the year nine-month period was 238 million baht ($ 7.5 million), 2012 profits reached $ 31 million, in stark contrast.

    The company explained: "shrimp and tuna raw material price fluctuations have affected the results of the Group, the acute onset of early death syndrome cause mortality shrimp supply shortages, high prices."

    The same factors that led to Thailand's largest frozen products company, the world's largest manufacturer of canned seafood and home brand line of Thai seafood seafood joint performance of the company has shrunk to 10 billion baht ($ 31.6 million) fell 37% over last year, its president, said the company in the past 25 years has never faced such a challenge.

    Rising Thai baht exchange rate has also led to a red Seafood Exporters performance deficit decreased $ 10 million in exports in January to September this year the company's profits Thai seafood joint affected by the appreciation of the baht.

    Thai seafood joint company's third quarter earnings of $ 46.8 million was recorded to reduce the $ 7.55 million more than in 2012.