TFG benefits from high pork and chicken prices, expects pork to hold steady until September

Earnings
โดย thunhoon.com·TH·Read original
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Thai Foods Group, or TFG, said higher pork prices are directly boosting its revenue and profit, while chicken prices have also risen as a substitute product. Chief Executive Officer Petch Nantawisai said export demand for chicken in Europe, the United Kingdom, and Japan remains strong from the third quarter through mid-fourth quarter of 2026. The company has locked in soybean and soybean meal prices until the end of 2026, helping keep feed costs low and stable, and aims to expand Thai Foods Fresh Market to 875 branches by the end of this year and 1,075 branches by the end of next year. Sittiphan Thanakiatphinyo, president of the National Swine Raisers Association, said farm-gate pork prices are at 72 to 74 baht per kilogram, about 1 to 2 baht above cost, and are expected to hold steady until mid-September 2026 before easing slightly during the vegetarian festival.

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