High salmon prices denting Thammachart Seafood as consumers trade down

A rebound in Thailand’s tourist trade is being offset by a surge in imported salmon prices for Bangkok-based Thammachart Seafood Retail Co.

Thammachart sells a variety of premium seafood at its retail outlets, primarily located in malls across Thailand. Tourists had been major drivers of seafood consumption prior to the pandemic, with Thai resorts thronged with tourists from China, the world’s largest source of outbound tourists prior to the pandemic ... 

Photo courtesy of Thammachart Seafood