Welcome to FIS   Sponsored By
United States
Subscribe to FIS | Register with FIS | Advertise with FIS | Newsletter | About FIS | Contact us
   


Floods in Thailand could be beneficial for Indian fish farmers. (Photo: YouTube,Channel4News/FIS)

Damage caused by flooding could benefit other exporting countries

Click on the flag for more information about Thailand THAILAND
Friday, November 04, 2011, 23:50 (GMT + 9)

The massive floods in Thailand could benefit other fish farmers such as India as they move to fill the gap in supply. At the same time, India's mackerel exports may fall, as Thailand was a major buyer.

As Thailand is a main producer of seafood, the effects of the floods are sure to be felt across the industry. Exporters have started moving shipments from the Bangkok port.

"Reports say floods have affected some aquaculture farms in low-lying areas. Cold storages and factories are also located in the region. Production may suffer," said Anwar Hashim, managing director of Abad Fisheries.

Indeed, Thailand's government has not drawn up clear measures to help manufacturers recommence production after the flood subsides, so export growth next year is expected to drop to a single digit for the first time since 2002, The Nation reports.

Exporters want the government to make sure affected factories will have workers to employ, as many left when operations were halted. They want the government to speed up the waiving of duties on machinery imports, facilitate cargo transport, help reduce shipping fees and offer soft and flexible loans to help businesses survive.



This should simplify the import of raw materials and semi-processed goods, which would be helpful because some industries, such as processed food, are dealing with a dearth of ingredients.

If flooding does not subside within the next month, plants will run out of raw materials.

"The flood damage is limited to central Thailand and Bangkok. The destruction may not have a major impact on global production," said TR Patnaik, chairman of Falcon Marine Exports.

But there is also concern about flooding in the South later this month, which could bring many shrimp hatcheries to ruin.



Prices would then be expected to increase due to suply chain disruptions.

In India, shrimp farms have ended up with surplus material this year and have thus had to sell their product at a low price to Vietnam due to lower demand in the US and Japan, which drove prices down. The seafood industry thinks the impact is yet to come, as a hefty part of consignments for the Christmas and New Year holidays have already been shipped out, The Economic Times reports.

The prices of farmed shrimp and especially vannamei have remained somewhat stable this year.


Thailand along with other South East Asian countries accounts for 16 per cent of Indian seafood exports, which has helped India deal with the financial crisis hitting the US and Europe. Thailand has become a big buyer of mackerel and ribbon fish.

Related article:

-
Shrimp harvests up amid global shortage 

By Natalia Real
editorial@fis.com
www.fis.com


 Print


Click to know how to advertise in FIS
MORE NEWS
United States
Apr 30, 03:10 (GMT + 9):
Seafood supplier sentenced for salmon labelling fraud
Australia
Apr 30, 03:00 (GMT + 9):
Farmed Atlantic salmon’s poor hearing may affect survival
Singapore
Apr 30, 02:40 (GMT + 9):
China Fishery pre-selects potential buyers for Peruvian operations
Iceland
Apr 30, 02:30 (GMT + 9):
IN BRIEF - Panama Papers revelations to hit Iceland fisheries next
United Kingdom
Apr 30, 02:30 (GMT + 9):
IN BRIEF - Fish firm denies ‘dodgy wage tactics’ in union row
United States
Apr 30, 02:30 (GMT + 9):
IN BRIEF - Government Accountability Office Calls USDA Catfish Program a Waste for 10th Time
Peru
Apr 30, 02:30 (GMT + 9):
Anchovy fishing suspended in southern Peru area
Philippines
Apr 30, 02:00 (GMT + 9):
IN BRIEF - EFTA Signs FTA With The Philippines
Taiwan
Apr 30, 02:00 (GMT + 9):
Taiwan ups the ante in protest against seizure of fishing boat
Australia
Apr 30, 02:00 (GMT + 9):
IN BRIEF - Anger over approval for increase in Macquarie Harbour fish farm stocks
United States
Apr 30, 02:00 (GMT + 9):
IN BRIEF - Chemical runoff kills 5,600 fish in Colorado
New Zealand
Apr 30, 02:00 (GMT + 9):
IN BRIEF - EDS questions motivation of fisheries companies
United States
Apr 30, 02:00 (GMT + 9):
IN BRIEF - Maine’s lobster season off to an early start
Russian Federation
Apr 30, 02:00 (GMT + 9):
IN BRIEF - Russian Aquaculture FY 2015 net loss widens to RUB 1.34 billion
United States
Apr 30, 02:00 (GMT + 9):
IN BRIEF - Tesco – leading on sustainable seafood



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Seafood companies sue Govt over marine sanctuary proposal
New Zealand The country’s leading seafood companies have jointly filed a statement of claim in the High Court in response to the New Zealand Government’s unilateral move to establish the Kermadec Ocean Sanctuary.
Massive fish deaths spark suspicions over the real cause
Viet Nam Vietnamese authorities have banned the sale and distribution of aquatic products from the coasts of central Vietnam due to an ongoing environmental disaster affecting this region, where huge numbers of dead fish washed ashore.
Fishmeal and fish oil exports plummet in January
Peru Fishery product exports in January 2016 reached a total volume of 42,372 gross metric tons, representing a decrease of 48.7 per cent over the same month in 2015.
Foreign entrepreneurs report Chilean exporter’s scams
Chile Entrepreneurs from China and Russia, and also an Italian one based in Chile claim to have been victims of fraud committed by a Chilean fish exporter.
 
Maruha Nichiro Corporation
Nichirei Corporation -Headquarter-
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation -Wartsila Group Headquarter-
ITOCHU Corporation -Headquarter-
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Nueva Pescanova, S.L. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
Blue Continent Products (Pty) Ltd - (Oceana Group Limited)
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods Inc. -Headquarter-
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
Food Project (Siam) Co., Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO -Food and Agriculture Organization- Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Group Headquarters
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Omega Protein Corporation -Headquarter-
Marona S.A.
Marine Harvest ASA - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. -Headquarter-
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
Mitsubishi Corporation Marine Products Depts. D.Team
CJ Corporation  -Holding Headquarter-
Greenpeace International - The Netherlands
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
Ocean Trawlers Group - Ocean Trawlers HK Ltd.
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation -Headquarter-
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart / Wal-Mart Stores, Inc. (Supermarket) -Headquarter-
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
INVE Group - Head Office
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
Morpol ASA - Group Headquarters
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2016 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER