CPF plans to increase egg exports in Thailand

Thailand-based agro-industrial and food conglomerate Charoen Pokphand Foods (CPF) is planning to double the volume of its egg exports from 11 to 22 containers, or 6.8 million eggs per month, to Hong Kong and Middle Eastern markets.

As one of the major broiler chicken breeders (PS) in the country, CPF’s decision to increase the egg exports is expected to further strengthen its ‘PS Support’, a new measure initiated by the Department of Livestock Development (DLD).

DLD has partnered with CPF and 13 other private egg producers in the country to help small-sized farmers suffering from a continuous drop in egg price.

CPF executive vice-president Rewat Hathaisttayapong said: “CPF is willing to stabilise egg prices in the domestic market by increasing the export volume and reducing the amount of grandparent breeds and layer-hens. This move will help ease small-sized farmers from oversupply situation.”

DLD introduced the scheme and collaborated with firms to improve export volume from 50 containers to 100 containers per month.

By accelerating egg export volume within three months, DLD anticipates to boost egg prices in the domestic market.

At present, there is an availability of 44 million eggs per day in the domestic market, while the consumption is only 41 million eggs per day.

The new measure is expected to help strike a balance of demand and supply of eggs in the domestic market.