The Thai broiler industry has recovered from the exit of the Saha Farm Group from the market, one of the largest integrated broiler operations in Thailand. Sources reported that the company was beset with financial difficulties. Prices for exported and domestic chicken meat skyrocketed in the second quarter of 2013. Thai broiler processors are enjoying falling prices for feed ingredients, especially corn and soybean meal.
Due to the likelihood of favorable broiler prices for the rest of 2013 and continued strong export demand in 2014, broiler meat production is forecast to grow eight percent in 2014 to 1.68 million metric tons (MMT), with an estimated live broiler population of 27-28 million birds per week. Higher chicken
meat prices and an expected slower growth in the Thai economy may limit the growth of domestic consumption in 2014 to only 4 percent.
Thai chicken meat exports are estimated to further increase by 3 percent to 620,000 MT in 2014 in anticipation of increased broiler production.
