Animal feed corn and soybean meal are still too expensive in Thailand

Published 2023년 3월 25일

Tridge summary

The article highlights the impact of the Russo-Ukrainian war and drought on the global animal feed market, leading to a supply chain disruption and a recession trend in the world economy in 2023. The high cost of feed mill and raw materials such as maize, soybean meal, and wheat is affecting the Thai livestock sector, with imported chicken products decreasing and domestic prices declining. The war's impact is also seen in wheat production from Australia, which is expected to increase, and the price trend of wheat is not expected to rise significantly. The high cost of raw materials is particularly affecting small animal feed producers without animal farms or export meat, leading some to find alternative feed ingredients or reduce production. The article also mentions the challenge of transport obstacles for maize imports from Myanmar and the issue of illegal pigs being smuggled into the market, leading to a drop in the price of live pigs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

animal feed ingredients Main cost of feed mill and the Thai livestock sector still at a high level from the protracted Russo-Ukrainian war including drought in many countries impact supply chain (Supply chain) The world's animal feed raw materials are still scarce and the price is high. Recently, from the world economy in 2023, there is a recession trend. Affected the import of chicken products from many countries from Thailand decreased. Affecting the price of chicken exports and domestic prices declined. Mr. Sompop Auasongtham, Deputy Secretary-General of the Thai Feed Producers Association, revealed to “Than Economics” that The price of animal feed raw materials at this time is still at a high level, for example, maize in February 2022 at 11.11 baht per kilogram (kg), the latest as of February 2023 at 13.60 baht per kg, soybean meal. February 2022 was at 19.30 baht per kg, February 2023 was at 23.11 baht per kg, and wheat in February 2022 was at 13.32 baht per kg and February ...

Source: Ththansettakij