Experts warn of shrimp oversupply

As the world’s biggest shrimp exporter, Thailand employs advanced shrimp farming technology such as bio-security farming, a system that increase yield and ensure high quality. However, farmers manager biosecured farms differently depending on their capital.

The attractive price of Thai shrimp will encourage farmers to breed more shrimp in pursuit of high profits. But fast-expanding farm areas could damage the business as farmers might ignore quality and bring about oversupply, leading to problems when the price drops, warned Somsak Paneetatyasai, president of the Thai Shrimp Association. Read more of this post

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