December 23, 2013
Thai chicken prices soar ahead of New Year (week ended Dec 20, 2013)
An eFeedLink Exclusive
Price summary
Thai chicken prices soared ahead of the New Year festive period amid strong demand in most areas, particularly in north eastern region, which is often filled with tourists during this period of time.
Trading price in the northeast is in the range of THB42-46/kg (US$1.31-1.44/kg) this week; the central, eastern and western region is traded in a narrow range of THB42-44/kg (US$1.31-1.38/kg); while the southern region is traded at THB41-43/kg (US$1.28-1.34/kg).
Market analysis
The Department of Livestock announced that Japan has approved Thai frozen chicken exports to the country, with the first shipment expected to begin in January 2014. The announcement is expected to boost demand for Thai chicken and thus its prices.
Japan has declared that Thailand is free from bird flu. Deputy Prime Minister Yikon Limlaengthong said last week that the declaration was made on December 9, after which the Thai Livestock Department would have to supply additional information about the health status of Thai chicken to its Japanese counterpart.
However, the minister said that there are three mandatory requirements for frozen Thai chicken to be exported to the Japanese market. These include the drafting of a health regulation, and the signing in recognition of the regulation between the two parties. In addition, the Thai Livestock Department will have to submit a list of potential slaughterhouses and frozen chicken processing plants that meet the health requirements of the Japanese counterpart.
|
Markets |
Pricesfor whole dressed chicken as of Dec 13 (in Thai baht/kg) |
Prices for whole dressed chicken as of Dec 20 (in Thai baht/kg) |
Changes (in Thai baht/kg) |
|
Supermarkets (Bangkok) |
145-155 |
150-160 |
5 |
|
Public markets (Bangkok) |
85-95 |
95-105 |
10 |
|
Public markets (Suburbs) |
85-95 |
95-105 |
10 |
|
Farm gate |
40 |
45 |
5 |
|
US$1=THB 32.70 (December 23, 2013) | |||

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