Industry groups act on shrimp prices (opens original article in a new tab)

Industry groups in Thailand are purchasing shrimp directly from farmers to stabilize prices after Malaysia suspended imports, which caused a significant price drop and affected the supply chain.

• Malaysia suspended Thai shrimp imports on June 1, causing a 50-60 baht per kg price drop
• Thai industry groups began direct shrimp purchases from farmers to stabilize prices and supply
• Malaysia plans to expedite negotiations on the import suspension due to its impact on local businesses