Driven to despair by a plague that has laid to waste young shrimps across east Asia, Suraphol Pratuangtham, a seafood farmer in southern Thailand, suspended operations at his ponds for more than three months over the summer. … “This year is the worst for our shrimp production in the past 30 years,” laments Mr Pratuangtham, who is also president of the Thai Marine Shrimp Farmers Association and expects Thailand’s 2013 exports to halve from its peak levels. … The disease, known as early mortality syndrome (EMS), has for more than two years savaged Asia’s shrimp industry, including Thailand, Malaysia, Vietnam and China. But this year’s plunge in supplies from the region, which accounts for 80 per cent of global production, is the worst yet and led to a sharp rise in global shrimp prices to a 12-year high. … Shrimp is the most traded fish in the international market ahead of salmon and tuna
The world is about to experience an unprecedented consumption boom, which presents both challenges and opportunities for investors everywhere. Animal protein consumption, energy, air travel, health care, and education are some of the most relevant sectors involved as the upcoming changes in population and income collide. ... The world in general—and India in particular— is in the midst of a fascinating transition right now. Taking a step back from our day-to-day focus to view the bigger picture can offer a different perspective on the dynamics of various countries in a volatile and uncertain world. Envision a map that is drawn to represent how economists view the world. Imagine a map on which the area occupied by a country as a percentage of total area is equivalent to its percentage of global GDP. Compared with traditional maps, in which country sizes are based on land area, the United States, Europe, and definitely Japan would appear bloated. Other regions would look smaller—for example, Africa or India. Africa especially is quite difficult to see on the economists’ map. ... Now, imagine another map on which land area is proportionate to the country’s percentage of the global population. If the United States is viewed this way, it will be much smaller than on the economists’ map. In the population map, Africa would become relevant and uncertainties about the importance of India and China would disappear. Focusing on the differences in these maps may permit us to realize our biases in viewing the world.