Thailand has seen a dramatic decline in production, forcing it to import shrimp from Ecuador. Prime Minister Srettha Thavisin has directed the Department of Fisheries to investigate the reasons behind this decline and propose solutions to support local shrimp farmers.

Production Dives

The country’s shrimp production has plummeted by 67%, from 600,000 metric tons annually to just 200,000 metric tons. This decline has led to a drop in Thai shrimp prices, causing financial hardship for local farmers.

The Prime Minister has ordered the Department of Fisheries to urgently investigate and report back at the next Cabinet meeting on June 25. The Department must present its findings and proposed remedies.

Farmers Feel the Pinch

Local shrimp farmers, once thriving, are now struggling to stay afloat as imports from Ecuador drive down prices. The double-edged sword of imports ensures supply within the country but exacerbates the financial strain on Thai farmers.

The investigation aims to identify the root causes of the decline and develop strategies to revive the industry. Factors such as environmental changes, disease outbreaks, and economic policies may have contributed to the decline. The Department will conduct a thorough analysis, considering factors like farming practices, market dynamics, and international trade pressures.