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The country's exports of fishery products are expected to generate about US$3.55 billion revenue in 2010, up about 2.2% year-on-year thanks to global recovery. Exports of processed and fresh shrimp should contribute as much as US$2.3 billion, or about 65% of the total, said the Thai Frozen Foods Association (TFFA). The association sees a promising outlook despite hurdles last year such as falling marine stocks and new European Union regulations on IUU.

Generally, the Thai fishery is a small-scale business and it is quite hard for fishermen to prepare paper documents as required by the EU. But the issue is likely to have little impact on shrimp, as nearly 90% of Thailand's total production of 520 000 mt in 2009 comes from about 32 000 farms, according to the Fisheries Department. Thailand's shrimp production has surged in recent years thanks to farmers' improving skills. More importantly, most exports are of vannamei white shrimp, which are easy to raise and have a high survival rate. This year, marine product exports - including shrimp, fish and cuttlefish ¬will total 882 600 mt, with a value of US$3.47 billion.

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