Outlook for Thai poultry industry challenging
05.04.2018
Following significant expansion, Thailand’s poultry industry has been suffering from oversupply over the last couple of months. In its Poultry Quarterly Q2 2018 report Rabobank said this has led to declining broiler prices, which fell by 12% in Q1 2018 compared to Q3 2017.
Meanwhile domestic demand remains weak and unable to absorb the rising poultry supply. Rabobank said the local industry must be “disciplined with its growth this year” if it is to gradually recover to an appropriate market balance.
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