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Charoen Pokphand positive about shrimp

CP to double shrimp production in 2005

August 10, 2004

In light of more favorable than expected U.S. "anti-dumping"  duties on Thai shrimp, compared with other major exporting countries, Charoen Pokphand Foods Plc  (CPF) will reportedly invest 1 billion baht ($24 million) to more than double its shrimp production from 14,000 tonnes to 32,000 tons next year.

These numbers reflect the anticipated doubling of Thailand's national production to 500,000-600,000 tonnes next year.

[Source: The Nation, Thailand; Bloomberg.com]

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