Thai traders are complaining that Vietnam is buying up low-priced shrimp from Thailand for re-export.
Bunjonk Nissapawanich, president of the Thai Eastern Shrimp Association, said the continuous decline in shrimp prices has hurt Thai farmers while benefiting Vietnamese shrimp exports.
Thai Frozen Foods Association statistics show 2,860 tons of shrimp from Thailand — fresh, chilled, frozen and prepared items — were exported to Vietnam in the first four months of 2012, up by 302 percent year-on-year.
They were valued at 681 million baht, up by 372 percent.
