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May 15--Charoen Pokphand Foods Plc, Thailand's leading food producer and exporter, yesterday reported a net loss of 826 million baht on first-quarter operations, against 761 million baht net profit posted in the same period last year.
Sales revenue was 17.406 billion baht, close to the level in the first quarter last year.
Chief operating officer Adirek Sripratak attributed the loss to a drop in domestic prices of chicken, pork, and eggs.
The average price of chicken fell by 34 percent to only 17 baht a kilogramme while pork meat dropped 31 percent to 22 baht.
In addition, Mr Adirek said, shrimp farming and shrimp exports did not fully ...
Source: HighBeam Research, Price Slump Means Loss for Thailand Food Exporter.