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Shrimp prices may rise on low output

THAILAND - The amount of shrimp produced by Thailand is likely to drop by 8% year-on-year to 350,000 tonnes due to floods and heavy rain late last year, according to the Thai Shrimp Association. </b> <br><br> The association, which represents hundreds of shrimp farmers and exporters, also forecast that the country&#39;s shrimp exports would drop by about 11% to 250,000 tonnes this year. <br><br> However, they predicted that a decline in supply would push up prices and the export value of shrimp would rise to 86 billion baht, up 20% from 71.5 billion baht in 2005. <br><br> For instance, currently the price of a kilogramme containing 60 small shrimp is 140 baht, compared with 100 baht at the same time last year. <br><br> <i>Source: Bangkok Post</i>

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