Thailand

Thai poultry sector to grow further thanks to exports

Poultry

Despite higher feed costs, the industry is set on a positive trend for 2018-2019.

Posted on Sep 17 ,15:04

Thai poultry sector to grow further thanks to exports

Feed costs for poultry farmers in Thailand have grown recently as the government stepped in to intervene in this segment, but that doesn't stop the advance for the industry, according to a recent USDA GAIN report.
Domestic consumption and exports are projected to grow further, even if the local market will see a certain increase in prices in the next months. From October 2017 to July 2018, the industry has struggled with below-breakeven prices for live broilers and the governmental intervention on feed ingredients market could limit the expansion of the sector, according to the analysis.
Despite that, Thailand's poultry production for next year is projected to grow by 4%, to reach 3 million tonnes from 2.88 million tonnes presumed to be recorded this year. Domestic consumption will decrease in 2019 due to higher prices and a strong export, mention the analysis. Exports for this year are estimated to grow by 8%, to 820,000 tonnes, and to register a growth rate by 6% next year thanks to access of poultry products in the Japanese market and other non-EU markets.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

GERMANY

Vion strengthens demand-driven chain concept Good Farming Balance for the future

Ever since Vion introduced Good Farming Star in 2010, the company has been at the forefront of bu...


Read more Read more
DENMARK

Danish Crown becomes co-owner of promising climate technology

It may sound strange that a burning gas torch at a slurry tank can reduce the climate footprint o...


Read more Read more
GERMANY

Germany: Poultry meat and eggs are produced sustainably and are important for a balanced diet

The recommended amount of meat consumed does not correspond in any way to the national consumptio...


Read more Read more
Websolutions by Angular Software and SpiderClass