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Market Reports

August 25, 2014

Russia's ban on United States, EU poultry may benefit Thai chicken export (week ended Aug 22, 2014)
 
An eFeedLink Exclusive       
 

Price summary
 
Chicken prices in Thailand remain stable with the farm-gate price of live chicken unchanged at THB46/kg (US$1.4375/kg)in Bangkok even as Thai exporters see an opportunity to increase exports from the ongoing trade war between Russia and the West, particularly the United States and the European Union.
 
In southern Thailand,the price stillrangesfrom THB46/kg to THB49/kg (US$1.4375/kg to$US1.53/kg) as it was last week.
 
Also unchanged is the price in the northern region, still ranging from THB44/kg to THB45/kg (US$1.375kg to US$1.41/kg),and in the central, eastern and western regions, which remains between THB44kg (US$1.375/kg)and THB46/kg (US$1.4375/kg).
 
 
Market analysis
 
In retaliation for the stiff economic sanctions the United States and the European Unionhad imposed against Russia over its involvement in the Ukrainian conflict, Moscow has banned imports of food from these countries.
 
The banadversely affectsbroiler exporters, not much in Europe but those in the United States. After Mexico, Russia is the second largest importer of USchicken. Last year, according to US Department of Agriculture data, Russia imported 276,100 tonnes of American chicken meat, or 8% of US exports.
 
This year, Russia's import quotas for poultry meat stand at 364,000 tonnes, 100,000 tonnes of which are forfrozen boneless chicken meat. A total of 80,000 tonnes of these boneless chicken imports would have come from the European Union and 20,000 tonnes from other countries.
 
With the United States and the European Union out of the picture, Thailand and other major chicken-exporting countries like China, Brazil and Argentina expect to fill in the void.
 
Thailand exports about 8,000 tonnes of fresh and cooked chicken to Russia a year. But Thai exporters expect this figures to shoot up beginning this year as Moscow scrambles to find other chicken sources to replace those from the US and the EU.
 

Markets

Pricesfor whole dressed
chicken as of
  Aug 15
(in Thai baht/kg)

Prices for whole dressed
chicken as of
  Aug 22
(in Thai baht/kg)

Changes
(in Thai baht/kg)

Supermarkets (Bangkok)

150-160

150-160

---

Public markets (Bangkok)

85-95

85-95

---

Public markets (Suburbs)

85-95

85-95

---

Farm gate 

46

46

---

US$1=THB 31.95 (Aug 25, 2014)

 

 


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