March 7, 2008

Thai pig farmers threatens supply cut if price decline continues

Thai pig farmers have threatened to freeze supply if the Commerce Ministry's retail pork price cuts force ex-farm prices to fall below the current THB60 a kilogramme, the Bangkok Post reported Friday, quoting the Swine Raisers Association president.

The report quoted Surachai Sutthitham as saying raisers could no longer shoulder production costs - particularly those of animal feed such as maize, rice bran and soymeal - which have risen by up to 50 percent.