Thai chicken meat production to increase 5% in 2018


Thai chicken meat production is forecast to further increase by 5% in 2018 in response to anticipated growth in export and domestic demand, according to the USDA GAIN report. Robust prices for live broilers and chicken meat for export as well as the lower cost of production in 2017 are encouraging expansion.

Thailand’s chicken meat exports are estimated to grow sharply by 12% to 770,000 MT in 2017 when Japan purchases more following the spoiled meat scandal in Brazil, and the strong demand from non-EU markets especially South Korea, Hong Kong, Malaysia and Canada. About 70% of total exports in 2017 are expected to consist of cooked chicken meat products. Meanwhile, exports should continue to grow by 4% in 2018, backed by growing demand from Japan and non-EU markets.


Readers choice: TOP-5 articles of the month by UkrAgroConsult