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Livestock News

Thai pork supply and demand rise as price declines

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Thailand’s Kasikorn Research forecasted that demand for Thai pork will grow 2.5% yoy to reach 1.35 mt in 2024. This growth is attributed to a 6.3% yoy decline in pork prices, prompting Thai consumers to choose pork over chicken meat. The rise in demand is also influenced by the growing number of foreign tourists visiting Thailand. On the supply side, pork production is projected to rise 4.7% yoy to 1.4 mt as the pig population has increased to 18.3 million while feed ingredient costs have fallen. Most pork supply comes from medium and large producers, with smaller farmers contributing less to the overall supply. 

Ref: Asian Agribiz


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