DIT may step in on pig, pork prices

[rooster59]

DIT may step in on pig, pork prices

By THE NATION

 

 

The Department of Internal Trade (DIT) will intervene in the prices of pig and pork if they rose beyond the appropriate levels, Director General Whichai Phochanakij said, adding that prices have been rising amid drought and the spread of African swine fever (ASF) in some countries.

 

 

Drought slows down the growth rate of pigs and increases cost to farmers. The swine fever, however, has boosted Thai pork exports by 80 per cent to countries affected by the virus. Export of pigs currently stands at 6,000 to 8,000 per day. There will not be a supply shortage of pork in the country, Whichai said.

 

Also, his agency may set a limit on pig exports, as well as intervening in pork prices at department stores.

 

“With the scourge of ASF, Thai pig prices were expected to surge since prices in neighboring countries were much higher. ” said the director general.

 

In 2017, Thailand exported about three million pigs before plunging to 300,000 to 500,000 in the past two years.

 

The Swine Raisers Association of Thailand said it would cap pig’s price at Bt80 per kilogram, and pork price at Bt150 to Bt160/kilogram.

 

Besides, it forecast prices falling in July as pigs grow faster in the rainy season.

 

Source: https://www.nationthailand.com/news/30380736

 

-- © Copyright The Nation Thailand 2020-01-18

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[Geoffggi]

Greed, greed and more greed......

[White Christmas13]

Fake news

There are not real pigs they don't have wings.????

[Srikcir]

Confusing article.

If Thai pig and pork export volume (and by extension value) are being boosted by swine fever in foreign markets because of lower foreign supply, wouldn't that be a good thing for Thai pork farmers?

So why DIT will intervene in the prices of pig and pork if they rose beyond the "appropriate levels?"

It may be due to less pig/pork available in the domestic market that will drive up domestic pig and pork prices and increase consumer inflation. Not good for farmers who don't export and/or Thai consumers.

Not good for the government keeping an electoral majority.

[Redline]

More market distortion.  There is no enforcement in Thailand, so they use blunt inefficient tools