Thai Government Guarantees Prices for Shrimp Farmers
Thailand's government announced a short-term plan to alleviate a price slump for shrimp, ending farmers' protests in six of the nation's southern provinces.
The short-term price guarantee for 10,000 metric tons of shrimp nationwide at 120 baht per kilogram was to take effect within 15 days, according to a report in The Financial Times.
Hundreds of shrimp farmers blocked a lane of a bridge in Songkhla province, demanding the government provide measures to address the shrimp price slump.
Internal Trade Department Director-General Yanyong Puangraj said the assistance would temporarily alleviate the shrimp price crisis.