Thai chicken exports to China rise 75%

[webfact]

Thai chicken exports to China rise 75%

By The Nation

 

 

The value of Thai chicken exports to China has risen 75 per cent this year, powered by no less than 23 Thai poultry factories now operating in the People’s Republic.

 

Wichuda Akaramethathip, director the Department of International Trade Promotion (DITP) office in China, said this year’s African swine flu outbreak had forced China to produce more chicken. The downside is that the chicken price in August dropped 1.6 per cent year on year for the first time in three years.

 

Chinese official statistics reveal that Covid-19 wiped 30 per cent off business turnover, but China’s market for chicken rose by 93 per cent to US$1.99 billion (Bt62 billion) this year.

 

Thai shipments account for 9 per cent of chicken imported by China so far in 2020.

 

Thailand has sent a total 78,369 tonnes of fresh chicken to China this year, with volume up 70 per cent and value up 75 per cent to $222.41 million year on year.

 

The increase in Thai chicken shipments to China this year has generated huge income for Thailand, Wichuda said.

 

A crucial factor in the trade was the registration of eight new Thai poultry factories in China, bringing the total to 23. However, because demand has not yet matched increased production, the price has fallen in China, so Thai chicken exporters should monitor Chinese markets closely, she added.

 

Source: https://www.nationthailand.com/news/30396092

 

-- © Copyright The Nation Thailand 2020-10-13

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[Venom]

 

5 hours ago, webfact said:

The increase in Thai chicken shipments to China this year has generated huge income for Thailand, Wichuda said.

For Thailand or CP Chicken group? ????

[RotBenz8888]

What now, bats and pangolins not on the menu anymore? 

[trainman34014]

And this will no doubt lead to higher prices in the already overpriced Thai Supermarkets !

[TooBigToFit]

Chicken prices have seemed slightly lower lately while pork is high. Beef is always high. I rarely have it.

[Isaan sailor]

Chicken, rice, rubber and durians.  That’s about all mother China needs from LoS.  In return, they gave Thailand Wuhan-19 virus.  And devastated the tourism industry.

[mr mr]

that's a whole lot of clucking chicken. 

[Grumpy one]

This is fowl news ????

[jollyhangmon]

1 hour ago, trainman34014 said:

And this will no doubt lead to higher prices in the already overpriced Thai Supermarkets !

 

... yessir, here we go ... 

 

 

[Rimmer]

A troll post has been removed

[The Theory]

Chicken prices will be up soon ????????

[DrTuner]

So they export raw chicken and keep the most lucrative part, the processing, in China? Way to go, CP.

[DrTuner]

6 hours ago, RotBenz8888 said:

What now, bats and pangolins not on the menu anymore? 

That's probably what CCP will pay Thais with. No worries, 20kg of MSG will make it aRRRRRRRRrrroyyy!

[digger70]

6 hours ago, RotBenz8888 said:

What now, bats and pangolins not on the menu anymore? 

They have to start eating Dogs and cats again soon.

[mikebell]

Chickens Out: Woo Hoo In.