TUF Forecasts 250,000 ton Shrimp Export Volume in 2015 for Thailand
SEAFOODNEWS.COM by John Sackton - February 27, 2015
Thai Union elaborated on their shrimp outlook in their latest financial report. For 2014, the company estimates Thai output of around 200,000 tons. This is a 20% drop from the prior year.
Sales value increased for the company by 4.9% year over year, due to increased sales of value added shrimp, and efforts of the US trading operation. However, US trading margins were impacted by high cost inventory that was carried over from the period of historically high shrimp prices, and had to be discounted.
For 2015, TUF expects a gradual recovery of the Thai shrimp supply ...
To Read Full Story Login Below.