Thai poultry exports to China have skyrocketed
Increased demand from China favored Thai poultry exports in the last months. The surge in exports is more than 700% but the country has just regained access to the Chinese market in March last year. Nevertheless, the increase is notable as Kukrit Arepagorn, manager of the Thai Broiler Processing Exporters Association, mentioned.
"We exported 33,500 tonnes in the first seven months of this year, up from 4,100 tonnes last year", he said. Prices are now ranging from $4,000-$5,000 for a tonne of Thai poultry and the boost given by Chinese buyers has helped the industry to increase the rate of exports for the first seven months of 2019 by 9.8%.
Thailand has 7 poultry plants approved to export to China but inspection is underway in other units, so shipments could increase in the next months. Thailand has regained market access to China in March last year after a 4-year ban caused by avian flu. Currently, Thailand is exporting almost 800,000 tonnes of poultry, of which half is shipped to Japan. Another big market is represented by the EU, where Thailand has a larger exposure after a ban placed in 2018 on Brazilian poultry by the European Commission. According to Chinese customs data, quoted by Reuters, imports of chicken in July were 68,221 tonnes, up 39% from a year ago.
According to the latest available data, the sector reached a total turnover of €41.337 ...
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