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Market Reports

August 15, 2013
 
Moderate poultry trade in Thailand, CPF expects growth in H2 (week ended August 13, 2013)
 
An eFeedLink Exclusive
 
 
Price summary
 
Local supply is still able to meet market demand, with moderate trading, keeping chicken farm gate price stable at THB48/kg (US$1.55/kg) in the central and eastern regions.
 
Chicken price is THB49-52/kg (US$1.58-1.68/kg) in Northern and North-eastern regions, while trading prices are lower, in the range of THB48-THB52/kg (US$1.55-US$1.68/kg) in the Southern region.
 
 
Market analysis
 
Main market players such as Charoen Pokhphand Foods (CPF) forecast market growth in the second half of this year. Top executive of Betagro expects positive margins for chicken and pig until the end of this year, as a result of chicken production control and shortage of finisher pigs. Chicken and pig prices in Thailand are typically closely related.
 
Adirak Sripratak, chief executive officer and president of Charoen Pokhphand Foods (CPF) said the Thai chicken export industry is expected to improve in the second half of 2013, pending Thai-Japan government negotiation to reopen the Japanese market to Thai fresh chicken, which will continue to increase chicken export volume. This year, Thai chicken export is expected to grow 10%-15% to a targeted 620,000 tonnes in 2013, from 550,000 tonnes in 2012.
 
From January to June 2013, 256,800 tonnes of Thai chicken was exported, worth THB32,460 million (US$1,045.16 million). Of these, CPF exported 48,000 tonnes, worth THB 6,800 million (US$220 million).
 
Thai chicken exports comprise of fresh chicken and cooked chicken, with main markets being the European Union and Japan. The European Union exported fresh chicken at US$ 3,400/tonne and cooked chicken at US$5,500 - US$6,000/tonne, a 10% increase from the previous year due to higher market demand.
 
Currently, Thailand is only exporting cooked chicken to the Japan market, at US$5,000-US$5,500/tonne, an increase of 4%-5% due to currency depreciation of the Japanese Yen; while the export of fresh chicken is still in the negotiation stage by the two governments.
 
The main export markets of CPF are the European Union, Japan, South Korea, Singapore, Hong Kong, Malaysia, South Africa and Middle East (excluding Saudi Arabia).
 
as the formation of the ASEAN Economic Community or AEC in 2015 would benefit Thai chicken exporters from advantage in production and more experience in export together with long term production quality development.
 
Markets
Pricesfor whole dressed
chicken as of
Jul 30
(in Thai baht/kg)
Prices for whole dressed
chicken as of
Aug 13
(in Thai baht/kg)
Changes
(in Thai baht/kg)
Supermarkets (Bangkok)
140-150
140-150
---
Public markets (Bangkok)
90-95
90-95
---
Public markets (Suburbs)
90-100
90-100
---
Farm gate
48
48
---
US$1=THB 31.27 (August 13, 2013)
 

 


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