The USDA forecasts chicken meat production in Thailand to increase by 2% this year, far below the average annual chicken production growth of 5-8% before the pandemic. This is due to high feed costs and tight DOC supply. Average prices of feed grains increased 26% in the first seven months of 2022, while domestic prices of corn and soybean meal rose 29% and 24%, respectively. Moreover, DOC prices in H1 2022 increased by 60% yoy. The USDA estimates that production costs of broilers have increased by 27%.
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