Higher costs slash TFM’s Q2 profit by 30%

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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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Editor, Asian Meat Magazine and Meat Insider, Bangkok, Thailand. Discusses the business opportunities, challenges and price gaps of meat and alternative proteins with Maarten Geraets of Thai Union Group in the podcast, ‘Capturing plant-based business opportunities’.