Pork and chicken prices to drop after Chinese New Year: Jurin
Commerce Minister Jurin Laksanawisit is confident that food prices will continue to fall gradually after a seasonal rise during Chinese New Year celebrations this week.
He cited the price of eggs (size 3), which the ministry has capped at 3.50 baht. The average price of size 3 eggs is now 7 per cent lower at 3.39 baht, according to ministry figures.
The Commerce Ministry monitors prices of seven major product categories: electrical appliances, soft drinks, instant noodles, seasonings and sauces, milk and dairy products, canned foods, and fresh food.
Meanwhile the pork price has been set at 100-110 baht per kilo. The price of medium-standard red meat pork is 11 per cent lower at of 187.19 baht, having dropped from a high of 205-210 baht this month, said the ministry.
The price of chicken, which usually jumps during Chinese New Year, is currently at normal levels, it added.
Seafood prices are also falling, with the cost of Tilapia dropping 11 per cent to 55-65 baht per kilo and red Tilapia falling 3 per cent, according to the ministry. However, the price of catfish is up 3 per cent.
The Commerce Ministry said it will contact producers of certain household necessities in a bid to hold down prices for as long as possible to relieve burdens on consumers.
