The Thai livestock sector continues to see robust meat prices, supported by resilient domestic demand and tight supplies, as feed costs begin to show signs of easing, according to the latest update from CGSI.
Pork prices edged higher, with the Northeast region seeing a THB2/kg increase, while the Northern and Southern regions remained steady at THB70/kg. The national average rose 1% week-on-week to around THB69/kg. The steady pace is attributed to strong consumption, which keeps supply tight and demand balanced. In China, pork prices stood stable at around RMB10/kg in June, with an upward trend toward RMB11/kg. Meanwhile, Vietnam’s pig prices averaged 64,000–65,000 VND/kg nationwide, rising slightly week-on-week due to tightening supply and steady demand.
Chicken prices remain high at THB40/kg, though actual transactions have reached THB41–42/kg, primarily due to an earlier shortage of day-old chicks. Both strong local consumption and a promising export outlook are propping up prices. CGSI expects supply to normalize within two months, likely bringing prices back to THB39–40/kg by the fourth quarter of 2026.
As for feed costs, corn was priced at THB13.2/kg in June, up 10% month-on-month but showing a downward trend. Soybean meal prices fell 2% month-on-month to around THB16/kg.
CGSI maintains its Overweight rating on the Thai food sector, citing tight supply, solid consumption, and the export season supporting meat prices, with feed costs beginning to ease.
