Phillip Securities (Thailand) says the overall food sector in the second half of 2026 is showing clearer signs of recovery. Farm-gate prices for live pigs in the eastern region rose to 79 baht per kilogram in late August to September 2026, up about 41% from the year's low of 56 baht per kilogram in February and up roughly 8% year on year, marking the first return to growth in three quarters. The average price in the third quarter of 2026 rose more than 12% from the previous quarter. The main driver was lower supply after small-scale farmers gradually reduced their breeding sow herds, which is expected to keep total pig volumes for all of 2026 at no more than 20 million head, down from an earlier estimate of 21 to 22 million head. Domestic broiler prices have risen steadily since late May 2026, with farm-gate prices at 46 baht per kilogram as of September 7, 2026, up about 21% from the low and up roughly 10% year on year, the strongest year-on-year growth of the year, driven by strong export demand, especially from Japan, Europe, and South Korea. As a result, advance orders for BTG and GFPT are full through the end of the fourth quarter of 2026.
Betagro PCLAdvance orders for BTG are full through end of Q4 2026 amid rising pork and chicken prices and strong export demand.
GFPT Public Company LimitedGFPT's advance orders are full through end of Q4 2026, supported by strong broiler export demand from Japan, Europe, and South Korea.
