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
European Union
Sep 19, 22:30 (GMT + 9):
EC helps Portugal to enforce fisheries rules
Peru
Sep 19, 22:10 (GMT + 9):
Artisanal fisheries quay modernised
Denmark
Sep 19, 21:40 (GMT + 9):
IN BRIEF - High levels of seafood fraud revealed in Danish fishmongers
United Kingdom
Sep 19, 21:40 (GMT + 9):
IN BRIEF - Scottish Fishermen’s Federation comment on independence referendum result
Canada
Sep 19, 08:00 (GMT + 9):
IN BRIEF - Fraser River's sockeye salmon run size uncertain, but ‘great’
Saudi Arabia
Sep 19, 08:00 (GMT + 9):
IN BRIEF - KSA injects USD 11 billion into aquaculture projects
United States
Sep 19, 08:00 (GMT + 9):
IN BRIEF - Maine makes emergency rule to save fishing gear
Japan
Sep 19, 04:00 (GMT + 9):
Four countries join efforts to protect Japanese eel
Mexico
Sep 19, 03:30 (GMT + 9):
Disease-resistant shrimp sought
Spain
Sep 19, 03:00 (GMT + 9):
21 illegally caught bluefin tuna specimens intervened
Canada
Sep 19, 02:50 (GMT + 9):
IN BRIEF - Clearwater Announces Inclusion in S&P/TSX SmallCap Index
France
Sep 19, 02:50 (GMT + 9):
IN BREIF - SAPMER : Half year results 2014
India
Sep 19, 02:30 (GMT + 9):
IN BRIEF - 'Marine, fish industry may reach INR 67,800 cr by 2015'
United Kingdom
Sep 19, 02:30 (GMT + 9):
IN BRIEF - Seafood Scotland and Seafish Helping Scottish Businesses to Develop
United States
Sep 19, 02:20 (GMT + 9):
Warmer oceans could increase expansion of invasive, native species



Lenguaje
FEATURED EVENTS
  
TOP STORIES
TUF buys Norwegian sardine canner to strengthen its global leadership
Thailand Thai Union Frozen Products Public Company Limited has announced that it has entered into an agreement to acquire 100 per cent of the assets and the trademark of the world's top ten seafood brand: King Oscar.
Campeche seeks investment in shrimp farming
Mexico The Gobernment of Campeche is trying to attract investors from the United States who are interested in shrimp farming in the state in order to increase production of this crustacean.
New codes to boost seafood labels and sustainable supply
United Kingdom The Sustainable Seafood Coalition has announced their two codes of conduct will be launched at the Humber seafood summit, a gathering of industry representatives, in Grimsby.
Organised gangs get huge profits from illegal shellfish trade
United Kingdom Scotland Police warn that illegal fishing of shellfish is profiting eastern European offenders, who make up to GBP 65,000 a day.
 
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 (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Pescanova, S.A. - Group Headquarters
Sea Harvest Corporation (PTY) Ltd.
I&J - Irvin & Johnson Limited
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 ehf - 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-
Grupo Calvo - Luis Calvo Sanz, S.A. (Group 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
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 - 2014 Fish Info & Services Co.Ltd| All Rights Reserved.   DISCLAIMER