Flooding in southern Thailand is jeopardizing this year’s shrimp crop. And, as a result, shrimp prices are expected to climb in Thailand, the world’s No. 1 shrimp exporter, in the coming months.
About 50,000 to 60,000 metric tons of shrimp were washed away by the floods, the Thai Frozen Food Association told the Bangkok Post. That represents about 8 to 10 percent of Thailand’s annual shrimp exports. Thailand’s southern provinces produce about 70 percent of the country’s annual shrimp …
