June 25, 2024

Thailand assures stable chicken prices amid weather challenges

The Thailand Department of Internal Trade (DIT) has assured consumers that chicken prices will remain stable and that there is an adequate supply available, National News Bureau of Thailand reported.

Recent hot and dry weather conditions have slowed chicken growth and reduced weights, leading to a temporary price increase. However, conditions are improving, and production levels are returning to normal. Exporters are being urged to prioritise the domestic market to prevent shortages.

Wattanasak Sur-iam, Director-General of the DIT, explained that the price increase in March-April 2024 was due to extreme heat and drought, which slowed chicken growth and increased costs by 6%. The DIT addressed this issue through discussions with farmers, producers, and exporters. Cooler weather has now normalised production, ensuring an adequate supply and anticipated price reductions.

Concerns about excessive exports impacting domestic supply have led the DIT to consult with major chicken producers and exporters. These companies have committed to balancing exports and domestic supply to prevent domestic price spikes.

The DIT has instructed exporters to adhere to agreed measures, ensuring that export levels do not harm domestic prices or consumers. Should exports significantly affect domestic supply, the DIT may implement stricter export control measures.

-      National News Bureau of Thailand