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Rising oil prices hurting Thai chicken sector
Since April, soaring petrol prices - expected to top 30 baht (US$0.78) per
litre - are hurting the chicken industry, says Thai Broiler Processing Exporters
Association.
The Association has reported an overall increase of 30-40% in production
costs and a 10-15% increase in transportation and electricity charges, resulting
in an overall drop in local consumption as consumers, troubled by rising
interest rates, try to make ends meet. So far, the effect on exports has been
limited but the possibilities are there and very real, according to Association
executives.
Editor WorldPoultry
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