Higher costs slash TFM’s Q2 profit by 30%


Thailand’s Thai Union Feedmill (TFM) reported a net profit of USD 950,000 in Q2 2022, down 30% yoy, hurt by higher raw material costs. Sales decreased 7.6% to USD 36 million on lower sales. Shrimp feed sales declined 1.9% as the average selling price dropped by 8.7%. Similarly, sales of fish and li...

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Joint-Editor, Asian Meat Magazine and Meat Insider, Bangkok, Thailand. Writes on how high inflation and raw material costs challenges in Thailand are not a deterrent for the plant-based protein market in ‘Taste, flavor and nutrition important for plant-based protein’.