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The price of chicken has gradually increased since June 2021 to 72.
50 baht/kg in August .
In addition, pork prices from January to August 2021 have increased by 3.
3% year-on-year .
The Kaitai Research Center expects that meat prices will continue to remain high for the rest of 2021.
Due to the additional costs of epidemic prevention and animal epidemic prevention and control, the continuous increase in feed costs, the continuous high transportation costs of imported goods, and the trend of Thai baht Depreciation in volatility .
Based on the above factors, the Kaitai Research Center predicts that the average retail price of meat in Thailand in 2021 will increase by 2-3% compared to last year
.
The tendency of meat prices to rise along with rising production costs will affect operators differently from company to company
.
Large enterprises will be more affected by the "factory sandbox" program than SMEs, because large enterprises are the target group of the pilot program and need to focus on enhancing the confidence of trading partners
.
On the other hand, small and medium-sized enterprises have weak bargaining power, low raw material inventory, and still have limitations in finding alternative raw materials.
Therefore, they may be affected by the sharp increase in production costs along with the increase in feed prices
.
.
The tendency of meat prices to rise along with rising production costs will affect operators differently from company to company
.
Large enterprises will be more affected by the "factory sandbox" program than SMEs, because large enterprises are the target group of the pilot program and need to focus on enhancing the confidence of trading partners
.
On the other hand, small and medium-sized enterprises have weak bargaining power, low raw material inventory, and still have limitations in finding alternative raw materials.
Therefore, they may be affected by the sharp increase in production costs along with the increase in feed prices
.
The epidemic in Thailand has not been alleviated.
Meat is a price-controlled commodity.
Operators can only pass on part of the cost burden to consumers.
Therefore, the main challenge lies in the management of production costs by operators in the production chain, including consideration of reducing unnecessary expenditures and making the most of them.
It is possible to use alternative raw materials, properly formulate raw material use plans to achieve the highest use efficiency, and produce the right amount of products to maintain the competitiveness of enterprises, especially small and medium-sized enterprises, so that they can survive
.
Meat is a price-controlled commodity.
Operators can only pass on part of the cost burden to consumers.
Therefore, the main challenge lies in the management of production costs by operators in the production chain, including consideration of reducing unnecessary expenditures and making the most of them.
It is possible to use alternative raw materials, properly formulate raw material use plans to achieve the highest use efficiency, and produce the right amount of products to maintain the competitiveness of enterprises, especially small and medium-sized enterprises, so that they can survive
.
Kaitai Research Center expects 2021 full-year Thai meat food market worth about 250 billion baht, an increase of about 2.
0%, lower than the 2020 growth rate of 6.
3%, the main supporting factors meat prices
.
It is expected that the average retail price of meat in 2021 will increase by about 2-3% compared to last year
.
However, meat consumption may not increase compared to last year.
The purchasing power of consumers and the catering industry is still affected by the new crown pneumonia epidemic and cannot resume growth within this year
.
0%, lower than the 2020 growth rate of 6.
3%, the main supporting factors meat prices
.
It is expected that the average retail price of meat in 2021 will increase by about 2-3% compared to last year
.
However, meat consumption may not increase compared to last year.
The purchasing power of consumers and the catering industry is still affected by the new crown pneumonia epidemic and cannot resume growth within this year
.
For the problems faced by enterprises in the future, Kaitai Research Center recommends that in addition to researching and developing other alternative raw materials to reduce the risk of price fluctuations of main raw materials, enterprises should also adjust business processes and implement efficient factory safety protection measures to cope with future epidemic trends.
Risks that have appeared more frequently in the past are extremely necessary for building trading partners' confidence in food safety
.
At the same time, it is recommended that companies raise product standards in the domestic and export markets
.
The above-mentioned factors will affect the competitiveness of Thai meat operators in the future
.
Risks that have appeared more frequently in the past are extremely necessary for building trading partners' confidence in food safety
.
At the same time, it is recommended that companies raise product standards in the domestic and export markets
.
The above-mentioned factors will affect the competitiveness of Thai meat operators in the future
.
