July 16, 2026
 

Thai pork and chicken prices hold firm on tight supply as corn and soybean meal costs begin to ease

CGSI forecasts chicken prices to normalise to THB39-40/kg by Q4 2026 as day-old chick supply recovers, while soybean meal fell 2% month-on-month in June.

Thailand's livestock sector is maintaining firm meat prices supported by tight supply and resilient domestic demand, even as feed costs show early signs of easing, according to a sector update from CGSI.

Pork prices edged higher week-on-week, with the national average rising 1% to around THB69/kg (approximately US$2.01/kg). The Northeast region recorded a THB2/kg increase while Northern and Southern regions held steady at THB70/kg. Strong consumption is keeping supply tight and demand balanced.

Chicken prices remain elevated at THB40/kg, with actual transactions reaching THB41-42/kg, driven by an earlier shortage of day-old chicks combined with strong local consumption and export demand. CGSI expects supply to normalise within two months, likely bringing prices back to THB39-40/kg by the fourth quarter of 2026.

On feed costs, corn was priced at THB13.2/kg in June, up 10% month-on-month but showing a downward trend. Soybean meal fell 2% month-on-month to around THB16/kg.

For regional context, pork prices in China stood at around RMB10/kg (approximately US$1.38/kg) in June, with an upward trend towards RMB11/kg. In Vietnam, live pig prices averaged VND64,000-65,000/kg nationwide, edging higher week-on-week on tightening supply and steady demand.

CGSI maintains an Overweight rating on the Thai food sector, citing tight supply, solid consumption and export season support for meat prices alongside the early easing in feed costs.

- Kaohoon International