Thailand's Shrimp Industry Suffers from Malaysia Import Ban
Thailand's shrimp industry faces significant challenges following Malaysia's suspension of imports. This blow adds to the sector's decline since it was once the world's largest exporter.
Thailand’s shrimp industry is reeling from the latest blow to its once market-dominant business after Malaysia this week suspended imports from its northern neighbour, triggering fresh despair from a sector whose revenue has nosedived in the 15 years since it claimed the crown as the world’s largest exporter. Malaysia’s temporary ban on five shrimp species – as well as tightened import requirements for Thai sea bass – came into force on Monday. The trade row comes as Thailand’s fisheries sector....