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February 5, 2020

 

Charoen Pokphand Foods sees no threat from new China bird flu outbreak

 

 

Charoen Pokphand Foods PLC (CPF) sees no threat to its operations from the new outbreak of avian influenza in China, and says it is maintaining its 2020 sales targets on expectations that the Chinese government will be able to quickly tackle the outbreak.

 

Mr. Prasit Boondoungprasert, chief executive officer of CPF, said the outbreak, which was reported in Shaoyang city, Hunan Province, has so far made no impacts on CPF's chicken business in China, which contributes about 2% of the company's total sales.

 

He expressed confidence that Thailand can lick this latest problem, on top of the threats posed by the African swine fever and novel coronavirus, since China, he said, has dealt with bird flu epidemic for more than 10 years and has deep experience.

 

Mr. Prasit said opportunities for chicken meat exports from Thailand to China remain plentiful, thanks to the continuous increase in demand. In 2019, Thailand exported 70,000 tonnes of chicken meat to China and the volume is expected to more than double to 150,000 tonnes this year as more Thai chicken processing plants are expecting to get licenses.

 

He also noted that CPF is witnessing an improvement in the swine business, thanks to high pig prices especially in Vietnam, Cambodia, Laos and Thailand. This is a factor that will allow CPF to achieve its 2020 sales target of about THB600 billion (US$19.35 billion).

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