Asia

CPF expects to double its poultry exports to China

Poultry

Last year, the Thai company shipped over 70,000 tonnes of poultry to China and 2020 is expected to end with a volume of 150,000 tonnes.

Posted on Feb 10 ,05:24

CPF expects to double its poultry exports to China

Thai chicken meat exports may increase at a fast pace this year, according to a statement from Prasit Boondoungprasert, Chief Executive Officer of CPF. Mr. Prasit said that opportunities for chicken meat exports from Thailand to China remain huge, thanks to the continuous increase in demand.
"In 2019, Thailand exported 70,000 tons of chicken meat to China and the volume is expected to jump to 150,000 tons in 2020 as more Thai chicken processing plants are expecting licenses", he said. The Chinese poultry market accounts for 2% in the company’s total sales and a recent bird flu outbreak in China, along with an ongoing deficit of animal protein in this market, may increase the demand for poultry.
At the same time, CPF is improving its swine business thanks to high pig prices especially in Vietnam, Cambodia, Laos and Thailand and that may help the company to achieve its 2020 sales target of about $19 billion.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

Bulgaria

New avian flu outbreaks reported in Bulgaria

Two new outbreaks of H5N8 bird flu have been in southern Bulgaria at the beginning of the week. O...


Read more Read more
Denmark

Denmark prepares new dietary guidelines

New dietary guidelines will be released in Denmark to ease consumer's task to choose climate-frie...


Read more Read more
France

Lower demand for pork in France

Pork consumption in France has declined last year, with retail sales going down by 6%, according ...


Read more Read more
Websolutions by Angular Software and SpiderClass