Thailand’s chicken production will grow by 3% in 2023

Thailand’s chicken meat production will increase for the rest of 2022 and the upcoming one. The USDA annual poultry and […]

Thailand’s chicken meat production will increase for the rest of 2022 and the upcoming one. The USDA annual poultry and products report indicated that chicken meat production will grow by 2% in 2022 and 3% in 2023. 

Like other countries, Thailand’s chicken market is recovering from the pandemic and the impact of the grain prices caused by global supply and trade disruption from the Ukraine and Russia war, and meat production only increased by 1% for the first semester of 2022.

The following factors have been critical for the market:

• As a result, average prices of feed grains increased 26 percent in the first seven months of 2022.
• Domestic prices of corn and soybean meal increased 29 and 24 percent, respectively, from the same period last year.
• Prices of day-old chicks in the first half of 2022 increased significantly by 60 percent from the same period last year.

Post estimates that production costs of broilers increased 27 percent in the first seven months of 2022 due to surging prices of feed grains and day-old chicks.