Thailand's Chicken Market to Improve23 December 2013
THAILAND - The Thai chicken meat industry is expected to improve next year next year, while one processing company experiencing financial troubles is reported to have received financial backing.
Broiler producer, Saha Farms, has reportedly been granted 2.7 billion baht (THB; around US$83 million) by a creditor, according to The Nation.
The newspaper estimates this will be enough to maintain production at 600,000 to 800,000 chickens per week or one-quarter of its capacity of 2.5 million birds. This level should not have a great impact on the industry.
The outlook for the broiler business in 2014 should be better, continues the report, as markets in Asia are beginning to allow import of Thai fresh broiler products. Singapore is first, announcing last week that it has opened its markets and the industry expects Japan to follow suit.
TheMeatSite News Desk