Thailand to limit pork exports to keep prices down
Christian Fernsby | ▼ July 20, 2020
The Commerce Ministry's Internal Trade Department looks set to limit pork exports after retail pork prices surged to 170-180 baht per kilogramme, the highest in 10 years, driven by rising domestic demand as well as exports, notably to neighbouring countries and China.
Article continues below
Topics: THAILAND PORK
According to a source from the Commerce Ministry who requested anonymity, the ministry has received a raft of complaints from the public about the continuous rise of pork prices in many areas.
The department earlier this year reached agreement with a group of swine raisers that pork exports would be restricted to prevent any impact on domestic prices if the ex-farm pork prices exceed 80 baht per kg.
Ex-farm pork prices are quoted at 86-87 baht per kg, a rise from 75 baht per kg earlier in the year, with retail pork prices rising to 170-180 baht per kg from 150-160 baht.
The source said ex-farm pork prices could increase to 90 baht per kg as demand both in domestic and export markets remains robust.
"The sharp rise in pork prices stems partly from higher domestic demand, rising economic activities and schools reopening," the source said.
"Supply also significantly decreased because of drought, which not only affects the growth rate of pigs but also endangers their lives."
In addition, widespread swine virus in China, Laos and Vietnam created strong demand for imported pork.
Thailand has shipped 6,000-8,000 pigs per day to the three countries.
Overall, Thailand can produce about 22 million live pigs a year. ■ What to read next
Severe storms could deliver tornadoes, damaging winds and hail from the Gulf Coast to the Midwest from Tuesday afternoon into early Wednesday.
Latest New York: Historic arts funding to record number of artists and organizations
Macron: U.S. gas 3-4 times more expensive for us, those are double standards
Thank you, inflation: Record Cyber Monday spending
HSBC to sell Canadian unit to Royal Bank of Canada for $10.1 billion
UK: Christmas chaos ahead as Wiltshire parking wardens announce further strikes
Italy: 8 dead, several still missing after deadly Ischia mudslide
South Korea issues return-to-work order to truckers on strike
U.S.: Winter weather conditions for west, severe weather potential for south on Tuesday
World's largest volcano Mauna Loa erupts
No vessels left Ukrainian ports on November 28 due to adverse weather
Swedish nuclear reactor to be taken off-grid for repairs
UN and ILO must urgently intervene as South Korea weighs forcing striking drivers back to work, says ITF
More internationally educated family doctors on the way to British Columbia
Department of Health in South Africa to conduct feasibility study on implementing solar panels in hospitals
Commission approves €557 million German support to compensate Deutsche Bahn
Belgian government offers one-off tax-free bonus
Health minister discusses cooperation with French companies for manufacturing in Libya
Saudi Arabia unveils masterplan for mega Riyadh airport project
EU Parliament insists that EU must freeze funding to Hungary
Today We Recommend Highlights
Sibanye-Stillwater begins construction of lithium hydroxide refinery in Finland
Bechtel to build Intel's semiconductor manufacturing facilities in Ohio
Biocytogen Pharmaceuticals enters antibody agreement with ADC Therapeutics
BT announces plan for pay rise of up to 16% for all but highest paid
AstraZeneca to acquire Neogene Therapeutics for up to $320 mln
US Foods appoints Dave Flitman as CEO
G Mining Ventures appoints Carlos Vilhena to board
Criterium Energy appoints David Dunlop as director
Arthex Biotech appoints Frédéric Legros as chairman
Promontory Therapeutics appoints Stanley J. Musial as CFO
Mexico's exports grow 19.5 pct
Trade between Bulgaria, North Macedonia to exceed EUR 1 Bln in 2022
EU trade with Indo-Pacific region
EU green energy product imports in 2021: 15.2 billion euros
Czech Republic: Economic sentiment ticks up in November
CMA CGM Q3 revenue $19.9 billion
G. Willi-Food Q3 sales increased by 16.6%
Deere Q4 net income $2.246 billion
Nordstrom Q3 net loss $20 million
VMware Q3 revenue $3.21 billion
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Third stage of vaccination against classical swine fever starts in Brazilian state Alagoas
Australia's fish stocks stable and steady
Australia pledges AUD 2 million to WTO Fisheries Funding Mechanism
Pesticide sales jump by 17% in Switzerland
Tesco announces close to £14 million of additional support for British egg industry
Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
Proxy advisers have inherent incentive to create controversy, study shows
Ukraine fines Engie, Shell subsidiaries over Nord Stream 2
New Zealand fines Southland fishing company $40,000
Italy's antitrust fines Edison Energia 3.8 mln euros over unfair practices
FTC secures monetary judgment in deceptive energy savings claims case
Croatian Competition Agency fines dairy processing company PIK Rijeka $13,740 for imposing unfair trading practices
Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal
Candlewood Suites Hotel opens in Aberdeen, Md.
Mount Roraima, Venezuela, 7,671 feet above the forest floor
Llao Llao Resort, an exclusive resort in the middle of nowhere
Abu Dhabi welcomes visitors to discover experiences at their own pace
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
BMW M2, fast beast in small package
Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
NAD 399 amplifier, highly efficient and remarkably powerful
Pakistan launches anti-polio vaccination drive to inoculate 13.5 mln children
Ibuprofen and similar NSAIDS can be associated with hastened progression of osteoarthritis symptoms
Virgin Islands community encouraged to prevent antimicrobial resistance
Shionogi seeks Japan approval for COVID-19 vaccine
French doctors warn of antibiotics shortage
New European supercomputer inaugurated in Italy
European Space Agency presents new generation of astronauts
NASA selects Rocket Lab to launch TROPICS mission
World's heaviest flying bird heals itself with plants used in traditional medicine
James Webb Space Telescope reveals an exoplanet atmosphere as never seen before