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October 11, 2011

 

Thailand lifts pig export ban

 

 

An increasing domestic supply has caused the Thailand's Commerce Ministry to remove its ban on pig export.

 

Permanent Secretary for Commerce Yanyong Phuangrach revealed that Commerce Minister Kittirat Na Ranong has already lifted the ban on the interprovincial transport of more than 10 live pigs and pork meat, as well as the ban on pork export to neighbouring countries.

 

This came about because there is now enough supply in the market, and the price of pork has returned to normal.

 

However, Yanyong reiterated the ministry will continue to monitor the price closely.

 

He said suitable measures would be applied to maintain an adequate supply of pork for domestic consumption in the event that another supply shortage occurs in the future.

 

Director General of the Internal Trade Department Watcharee Wimuktayon pointed out that pork traders who have been affected severely by the ravaging floods are rushing to sell their pigs to prevent further damage. This has increased supply and lowered the price.

 

The ministry announced its new reference price for live pigs at THB65-71 (US$2.11-2.30) per kilogramme and for pork at THB125-135 (US$4.05-4.37) per kilogramme, effective from October 6, 2011.

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