July 27, 2020

 

Thailand urges swine producers to keep pork wholesale price at US$2.50/kg

 

 

Thailand's Ministry of Commerce has called for swine raisers and traders to keep the wholesale price of pork at ฿80 (US$2.54) per kilogramme, retail price at ฿150-160 (US$4.76-5.07).


As a result, many retailers are selling pork at only ฿130 (4.12) per kilogramme.


Deputy Prime Minister and Commerce Minister Jurin Laksanawisit inspected the price of pork at Makro Nakorn-In, confirming the meat is being sold to consumers at ฿130 a kilogramme. Laksanawisit found the product being sold at the same price at Tesco Lotus and Tops Supermarket outlets while revealing Blue Flag pork was also on offer in 44 provinces.


The official said all three major retailers have affirmed they will keep red pork meat at no more than ฿130 per kilogramme while the Thai Fresh Market Association has compelled its members in Bangkok and its vicinity to maintain the retail price at ฿150 per kilogramme. The association added, however, that it may reconsider the cap if farm prices are not kept at ฿80 per kilogramme and will look at the export sector.


The president of the Thai Swine Raisers Association, Surachai Sutthitham, explained that raised pork prices are due to improvements being made to farm systems to protect Thai swine from African swine fever, pushing up production costs. However, exports may be adjusted in favor of satisfying domestic demand.


- Pattaya Mail