Increased demand for Thai poultry exports set to boost feed wheat imports

Thailand’s imports of feed wheat will increase by 14% from the previous year, up to 1.6 million MT, according to a USDA FAS outlook. The report ​​indicates increased demand for Thai poultry in several markets, including South Korea and outlines how broiler and layer production in Thailand this year currently accounts for up to 57% of total feed demand. “Traders are expecting strong demand for poultry exports in line with the economic recovery, which will lead to an increased demand for feed wheat and other feed ingredients in poultry production.”​ And the authors reported that the Thai government has responded to requests by local feed mills and the livestock industry to implement contingency measures to tackle the surge in import prices of feed ingredients, which the stakeholders said had reached highs not seen in a decade. Livestock feed production in the country slowed down during Q1 2022 due to the hike in prices of both ingredients and fuel, said the USDA FAS team. Behind ...