Thai egg industry cashes in on rising overseas demand

Published 2023년 11월 7일

Tridge summary

Thailand has a surplus of eggs, with a population of 52.3 million laying hens producing 43.4 million eggs daily. In an effort to manage this surplus, the country has been exporting eggs, with a 100.1% increase in quantity and a 135.62% increase in value compared to last year. However, the price of eggs has increased due to higher production costs, and local markets have been affected by companies reselling cheaper eggs claiming they are from Myanmar, resulting in an oversupply and consumers opting for cheaper options.

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

Original content

As per the latest data, Thailand boasts a population of 52.3 million laying hens, which collectively generate approximately 43.4 million eggs daily. The Department of Livestock, meanwhile, has been coming up with export strategies to manage this egg surplus more effectively. According to news sources, the first eight months of this year saw the export of 310.63 million eggs worth 1.38 billion baht. This represents a 100.1% increase in quantity and a 135.62% increase in value compared to last year. The biggest buyers of Thai eggs are Singapore (70%), Hong Kong (16%) and Taiwan (8%). Separately, the production cost per egg in the second and third quarters of this year averaged 3.72 baht and 3.67 baht, respectively, up 7.94% from 3.40 baht per egg in the third quarter of last year. This increase in the production cost has been put down to a surge in the price of water and electricity, animal breeds, feed as well as vaccines and disease prevention. Efforts are being made to stabilise ...

Source: Nationthailand