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November 14, 2011
 
Thai Broiler Weekly: Chicken price not to fly too high despite last week's bump (week ended Nov 11)

An eFeedLink Exclusive
 

Price summary

After last week's THB2/kg increase, the farm-gate price of Thai chicken is not expected to fly too high as it did in May because of an expected weakening in the import price of broiler in Europe next year.

The price has not moved this week. And investment analysts at GFPT, one of Thailand's leading exporters, expect the price to remain within the THB45-48/kg range till the end of this year.

In May this year, the ex-farm price of Thai chicken soared to an all-time high of THB55-60/kg following massive flooding in northern and southern Thailand one to two months earlier.
 

Market analysis

Increased output by exporting countries are expected to bring down the import price of chicken in Europe next year to US$4000-4300/tonne, from the current price level of US$4300-4500/tonne.

Even Thailand, whose current output is 10-20% down because of the widespread flooding in Bangkok and 30 other provinces in the central region, is expected to have higher production next year.

In fact most expansion plans by major Thai integrators laid out before the flooding remains on track. 

The US agribusiness giant Cargill says its US$110-million plan to expand its integrated poultry processing operations in Thailand's southern province of Nakhon Ratchasima is going ahead, buoyed by an expected 15% increase in Japan's chicken demand next year. The expansion will increase Cargill's annual production capacity of cooked poultry products in Thailand by 24,000 tonnes.

There has also been no change in GFPT's plans to invest THB1 billion this year to set up new broiler and grandparent chicken farms in its two broiler farms in Chonburi province.

With the new investment, the two farms will have a combined daily production capacity of 35,000 hens or 15 million a year. The planned expansion of its grandparent stock farm is also expected to raise its chick production to half a million each week by the end of this year.

By early next year, GFPT says it will be able to produce more than 100 million chicks each year to supply its own farms, as well as other joint ventures such as McKey Food Services (Thailand) Co., which supplies McDonald's restaurants in Thailand and overseas.
 

Markets

Prices for whole dressed chicken
as of  November 4(in Thai baht/kg)

Prices for whole dressed chicken
as of  November 11(in Thai baht/kg)

Changes
(in Thai baht/kg)

Supermarkets (Bangkok)

135-145

135-145

--

Public markets (Bangkok)

75-85

75-85

--

Public markets (Suburbs)

70-80

70-80

--

Farm gate 

46(Liveweight)

46

--

US$1=THB 30.77 (November 14, 2011)

 

 


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