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Thai shrimp exporters are optimistic as dumping fines are set relatively low.
Aug. 7--Thailand's shrimp exporters see a silver lining now that the cloud of speculation over US anti-dumping penalties has lifted, with the low rates levied on Thai shrimp deemed favourable relative to those on shrimp from five other countries.
Industry leaders now expect Thailand's shrimp exports to increase substantially by 70 percent next year to 350,000 tonnes from about 230,000 tonnes this year, after the US Department of Commerce late last month announced tariffs ranging from 5.56 percent to 10.25 percent on Thai shrimp.
Washington was responding to complaints from US shrimpers, who said shrimp from the six countries were being sold below cost in the US market. Thailand and the other affected countries contend that it is much cheaper to produce farm-raised shrimp than to ...
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Source: HighBeam Research, Thai shrimp exporters are optimistic as dumping fines are set...