Thai chicken prices fell after EU threatened to stop imports
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Last Update: 2002-04-04
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Source: Internet
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Author: User
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Lead: Reuters news on April 3: Thailand's domestic market has a backlog of chicken supplies and prices have fallen sharply due to concerns about the implementation of some food trade embargoes by the European Union Thailand, the second largest exporter of chicken to the European Union, earns 15 billion baht, or 344.3 million US dollars, from chicken exports every year But last month the European Commission said it would ban imports of chicken and shrimp from Thailand if the antibiotic was found again in tests in the next few weeks, as banned chloramphenicol was found in chicken and shrimp imports from Thailand The European Union threatened to stop importing Thai chicken, leading to a fall in the price of thai live chicken, which was quoted Tuesday at 20 baht per kilogram (US $459 per ton), down from 30-31 baht per kilogram last week A local chicken farmer said that at present, due to the reduced export demand, the number of live chickens slaughtered is reduced, so they can only sell live chickens cheaply in the local market At present, Thai poultry producers have not announced a reduction in production.
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