Industry groups act on shrimp prices

Thailand's Thai Chamber of Commerce and the Thai Frozen Foods Association have stepped in to buy shrimp directly from farmers to counter the impact of Malaysia halting imports of Thai shrimp. This move comes as a direct response to Malaysia's decision, which has caused prices to plummet. By intervening, these groups aim to stabilize prices and support local farmers, underscoring the interconnectedness of global trade and its ripple effects on local economies. This proactive approach highlights the importance of industry solidarity in navigating trade disruptions.