Tuesday, November 10, 2020

Export of pig, chickens hits a high this year thanks to Thailand’s food safety practices


Thailand’s export of pigs and chickens in the first 10 months of this year was far higher compared to the same period last year, the Department of Livestock Development said.

The department’s director general Sorawit Thanito said Thailand exported 2 million pigs worth around Bt13 billion from January to October this year, marking an increase of 344.30 per cent from the same period last year.

He added that 769,000 tonnes of chicken meat and related products worth Bt89 billion was also exported in the first 10 months of this year, marking a 0.67 per cent increase from the same period in 2019.

Of the chicken products, fresh chicken accounted for 58.5 per cent and processed chicken 41.5 per cent.

Sorawit said this success could be put down to Thailand’s food safety and balance in production.


Price indices of major economies, Q3 corporate results to influence SET, baht

KSecurities expects the Stock Exchange of Thailand (SET) to have support at 1,245 and 1,230 points, but expect resistance at 1,275 and 1,300 points.

Key matters to watch include Thailand’s domestic political issues and earnings results of listed companies in the third quarter, the situation after the US presidential election, plus the Covid-19 situation.

Key US economic indicators that need close watching include the October consumer price index (CPI) and producer price index (PPI). Other international factors that warrant close monitoring include the euro zone’s September industrial production and gross domestic product report for the third quarter, China’s October CPI and PPI, plus Japan’s October PPI.

Key factors to be monitored closely are political uncertainties after the US presidential election, Fed officials’ comments, and the domestic political situation.
As for the baht, Kasikornbank expects the Thai currency to move within a range of Bt30.40-30.80 to the US dollar.


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