# Thai Union Feedmill reports flat nine-month revenue despite shrimp feed growth

> Thai Union Feedmill reported nine-month 2026 revenue of Baht 4,357 million, flat year on year, with net profit of Baht 412 million. Third-quarter revenue reached Baht 1,577 million, helped by a recovery in shrimp feed volume in Indonesia.

- Date: 2026-11-04 · published 2026-11-05T00:06:29.084Z
- Category: market · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/80619-thai-union-feedmill-reports-flat-nine-month-revenue-despite-shrimp-feed-growth
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Flat revenue reflects intense fish feed competition and high raw material costs that squeezed gross margin to 17.5%. The results give little signal for global feed ingredient prices.

## Sources

- aquafeed.com: https://www.aquafeed.com/newsroom/news/thai-union-feedmill-reports-flat-nine-month-revenue-despite-shrimp-feed-growth/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.