Indonesia worried by Thai shrimp policy.
Indonesia was concerned with Thai cutting the prices of its shrimps
causing a decline in the prices of that commodity in the world market.
The prices have dropped since end of July by around 6.6%, rendering a
big blow to Indonesia and other shrimp exporting countries, chairman of
the Indonesian Shrimp Commission Shidiq Moeslim said. Shidiq said with
the prevailing price of around USS 3.2 per pound or USS 71. per kg,
Indonesia shrimp suppliers could reached only the break even point.
Thailand is the world's largest exporter of shrimps and it is one
of six major suppliers punished by the United States with surcharge for
alleged dumping. Shidiq said Indonesia has to improve efficiency if it
is to remain competitive in the world market. He said Thailand could
offer lower prices as it has reached high efficiency in shrimp
production and exports.