Thai shrimp prices are likely to decline further as hot weather will force early harvesting and lead to an oversupply in the market.
Prices have been falling for several weeks with no sign of recovery, said Suwattanachai Visetcharoen, head of the Samut Sakhon Shrimp Farming Club.
A kilogram of small shrimp (70 head) was selling at THB 103 yesterday, down from THB 120 two weeks ago, he said, even though April is not normally a peak production period.
Local market prices have declined following the report of a huge shrimp harvest in the first quarter of 138,000 metric tons, a 15 percent rise from the same period of 2011.
