However, this is not necessarily the disaster some are predicting in terms of overall supply to the market. The figure of 50,000 metric tons to 60,000 metric tons is an estimate of what the weight would be at actual harvest time, not necessarily the actual weight of raw material lost, he told IntraFish.
Overall farmed shrimp volume shouldn’t be impacted by the floods in Thailand, but prices are likely to remain firm into the fourth quarter, a Thailand-based executive told IntraFish. “It is estimated that the flooding has wiped out 50,000 metric tons to 60,000 metric tons of raw material across eight provinces or approximately 10 percent of annual production,” said Jim Gulkin (pictured), whose Bangkok-based company Siam Canadian exports shrimp and other seafood products from Thailand and Asia.
However, this is not necessarily the disaster some are predicting in terms of overall supply to the market. The figure of 50,000 metric tons to 60,000 metric tons is an estimate of what the weight would be at actual harvest time, not necessarily the actual weight of raw material lost, he told IntraFish.
“Due to an unusually long cold season in Thailand, pond seeding was delayed until February in many cases the majority of the shrimp lost were still at juvenile stage," Gulkin said. "The ponds that lost the shrimp should be ready for re-seeding in only a few weeks time assuming there is no major damage to the ponds themselves.”
“Before the flooding happened we were expecting landings to improve starting in April with production increasing substantially through May and June. With the raw material lost in the flooding, improvement in landings will be delayed to June-July,” he said. “Because this happened so early in the year and when much of the crop was still in the juvenile stage, it is likely that the farmers will have time to play catch up over the course of the year.”
Raw material prices are high so incentive for farmers is certainly there to re-seed ponds, he said. “My instinct tells me that the overall raw material supply for 2011 will not be seriously affected. What we are probably looking at is a delay in major harvests from April to June to July to August rather than a major drop in overall production for 2011.”
So, the industry is now looking at firm prices throughout the first half of 2011. “If there is any relief in pricing it won’t happen until sometime in the third quarter of 2011. However that is peak processing time so I would not bet heavily on a price drop then,” Gulkin said. “Perhaps we might see some softening in the fourth quarter of 2011, when the majority of orders are processed but harvests continue later than usual due to the delay caused by this flooding.” The flood news has had an impact on shrimp prices in the United States.
Prices for shrimp from the Gulf of Mexico are firm, as speculators jumped in to buy on news of floods in Thailand hitting production, said Chuck Anderson, a broker with Philly Seafood, a U.S.-based shrimp harvester and supplier.
(seafood.vasep.com.vn) On June 16, the Department of Agriculture and Environment of Ca Mau Province announced that the locality has established a farming area code for nearly 30,400 hectares of mud crab aquaculture and granted export facility codes to five enterprises eligible to export mud crab officially to markets such as China, Cambodia, Singapore, and the United Arab Emirates (UAE).
(seafood.vasep.com.vn) The United States remains one of the largest export markets for Vietnamese pangasius. In the first four months of 2026, pangasius exports to the US reached USD 106 million, up 4% compared to the same period in 2025. In April 2026 alone, export value totaled USD 38 million, marking a 20% year-on-year increase and the first positive growth recorded after an extended period of decline.
(seafood.vasep.com.vn) While Vietnam’s shrimp exports to many major markets continued to post positive growth in the first months of 2026, exports to the United States declined, highlighting growing competitive pressures and trade barriers facing the Vietnamese shrimp industry.
(seafood.vasep.com.vn) Egypt is emerging as one of the most promising destinations for Vietnamese tuna exports in 2026. During the first four months of the year, export turnover to this market exceeded USD 7.3 million, marking a sharp increase compared to the same period over the previous two years. As Egypt’s tuna imports continue to recover and demand for canned tuna remains strong, the market is becoming increasingly attractive for Vietnamese tuna processors and exporters.
(seafood.vasep.com.vn) During the first four months of 2026, Vietnam’s pangasius exports to CPTPP member countries reached nearly USD 128 million, accounting for 18% of the country’s total pangasius export value and increasing by 21% compared to the same period in 2025. Demand patterns varied significantly across the bloc: Mexico primarily imported fresh and frozen pangasius products, while Japan and Canada recorded substantial shares of processed products. Australia remained focused on frozen fillets but continued to maintain a portion of processed imports.
(seafood.vasep.com.vn) Despite the slow recovery of the U.S. market and continued trade-related challenges facing Vietnam’s shrimp industry, Minh Phu Seafood Corporation (MPC) has set ambitious targets for 2026. The company aims to produce 68,800 metric tons of finished shrimp products, generate consolidated revenue of VND 19.9 trillion, and achieve VND 1.059 trillion in pre-tax profit. If achieved, these figures would represent the highest revenue and profit levels in the company’s history.
(seafood.vasep.com.vn) HungHau Foods Joint Stock Company (HungHau Foods) has been honored at the 33rd Asia-Pacific Economic Forum, receiving two prestigious awards: “Top 10 Outstanding Asia-Pacific Enterprises 2026” and “Top 10 Outstanding Entrepreneurs” awarded to HungHau Foods CEO, Ms. Nguyen Yen.
(seafood.vasep.com.vn) After a period of sluggish imports in 2025, the Chinese market has returned with strong shrimp purchasing momentum in the first months of 2026. However, alongside rising demand comes an increasingly stringent import control system, covering quarantine requirements, food safety standards, registration procedures, and traceability. This makes China a market that offers both significant opportunities and growing risks for Vietnamese shrimp exporters.
(seafood.vasep.com.vn) Recently, in Long Xuyen City, An Giang Province, the Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) and the University of Economics Ho Chi Minh City (UEH) organized a workshop to announce the results of the project “Food Loss Assessment in the Pangasius Value Chain in the Mekong River Region.” The project aims to provide scientific evidence to support the sustainable development of Vietnam’s pangasius industry.
(seafood.vasep.com.vn) Shrimp prices in Vietnam’s Mekong Delta have recovered since early May, helping to improve farmers’ confidence and accelerate stocking activities for the 2026 farming season. However, farmers remain cautious due to rising input costs, unfavorable weather conditions, and disease risks.
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