Thai Foods Group Public Company Limited, or TFG, expects its second-half 2026 performance to recover after the second quarter of 2026, which is the low season. The company maintains its revenue growth target of 10 to 15 percent. Key support comes from live hog prices rising to 74 baht and farm-gate chicken prices at 43 to 44 baht, up about 15 to 20 percent from the trough in the second quarter of 2026. Meanwhile, feed costs are trending down due to the harvest season and the import of one million tonnes of corn from the United States under the WTO framework during the third and fourth quarters of 2026. In addition, the baht weakening to a range of 33 to 34 baht per dollar is boosting exports of both cooked and raw chicken, with total export volume this year expected at 90,000 to 100,000 tonnes. On the retail front, Thai Foods Fresh Market, or TFM, has raised its branch expansion target to 875 by the end of 2026, up from 850 previously. The company expects retail revenue to account for more than 50 percent of total revenue once the expansion is complete. TFG is also diversifying into new businesses, including coffee shops in front of TFM outlets and a rice mill, which will significantly reduce feed costs and boost margins.
Thaifoods Group Public Company LimitedHog and chicken prices up 15-20% from trough, boosting revenue.