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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.
Thailand pig
Limit   Thailand pig
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.

Topics: Thailand pork

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.