Pork exports may be cut after prices hit 10-year high

THURSDAY, JULY 16, 2020
|

The government may limit pork exports after the price of pork surged to a 10-year high of Bt170-Bt180 per kilogram.

The rising price is driven by increasing domestic demand as schools and businesses emerge from lockdown, as well as rising exports to neighbouring countries like China, Laos and Vietnam which have been hit by African swine fever.
Pig farmers insist the farm price of pork is no more than Bt79 per kilo, but wholesalers are paying Bt86-87 per kilo. As a result, the shop price has risen sharply by Bt20 per kilo, triggering complaints from consumers around the country.
The government earlier reached an agreement with a national group of swine raisers to limit farm prices to Bt80 per kilo. If they rise above this level, pork exports will be restricted, said government officials.
Meanwhile, the Department of Internal Trade is coordinating with supermarkets and blue flag stores nationwide to keep prices down. The department is concerned that if raw pork stays above Bt150-Bt160 per kilo, products such as fried pork, dried pork and Chinese sausage will also rise, bringing more hardship for consumers.