What’s behind the steep jump in pork prices?

[webfact]

 

As a three-month ban on the export of pigs came into effect on January 6, debate continues over what has led to the sudden surge in pork prices. 

 

According to kasetprice.com the price of pork red meat, which was Bt140 per kilogram on December 22 last year, rose to Bt165 on December 30 and jumped to Bt190 on January 6. Consumers are wary of the price spiking even higher for Chinese New Year. 

 

Experts believe the current situation is the collective impact of swine diseases, high production cost, abnormal swings in demand and supply, as well as shortsighted government policy. 

 

Full story: https://www.thaipbsworld.com/whats-behind-the-steep-jump-in-pork-prices/

 

-- © Copyright Thai PBS 2022-01-10

 

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[poyai111]

High production prices? Since when have farmers been able to pass these costs onto consumers? Greedy hiso middlemen are the likely culprits.

[mrmicbkktxl]

Swine fever?

[arick]

Looks like all the little piggies went home and didn't stop at the market. 

[Chang_paarp]

4 hours ago, webfact said:

Experts believe the current situation is the collective impact of swine diseases, high production cost, abnormal swings in demand and supply, as well as shortsighted government policy. 

If the government bans exports before the customer countries ban imports to avoid the diseases, the locals will be expected to pay the export price which will cause some angst amongst the populace.

[hotchilli]

4 hours ago, webfact said:

As a three-month ban on the export of pigs came into effect on January 6, debate continues over what has led to the sudden surge in pork prices.

Gouging on the back of Swine infection.... pure and simple!

If there was such a shortage why do I see every pork vendors stall busting at the seams with pork meat?

[hotchilli]

1 hour ago, poyai111 said:

High production prices? Since when have farmers been able to pass these costs onto consumers? Greedy hiso middlemen are the likely culprits.

Middlemen & vendors alike.

[Bigz]

Various swine desases wiped out entire pig farms in my area. (And nationwide) Also due to rapidly increasing feed prices and low profitability many farmers stopped last year. According to Pasusart now there are only around 80000 small scale pig farmers left down from 200000 in the previous years. 

[Damrongsak]

Wow.  Here in USA my wife just got some nice pork for $1.49/lb.  So that's like 108 Baht/kg. Ouch.  OK, it was on sale. 

[Bigz]

21 minutes ago, hotchilli said:

Middlemen & vendors alike.

Absolutely. In November when pork price was around 150baht a kilo farmers got only 65 Baht/kilo for live pigs with a production cost of 55-65 Baht a kilo. Right now they get around 100 Baht/kilo.

[Eric Loh]

10 minutes ago, Bigz said:

Various swine desases wiped out entire pig farms in my area. (And nationwide) Also due to rapidly increasing feed prices and low profitability many farmers stopped last year. According to Pasusart now there are only around 80000 small scale pig farmers left down from 200000 in the previous years. 

You only one with the most logical reasons behind the price increase. Lots of supply disruptions for the reasons that you posted while demand remain same forcing price upwards. Feed prices have gone through the roof due to current shipping chaos and will remain for the short term. I think should get back to some normalcy after the frantic year end and Chinese New Year passed. 

[Scott]

Troll post and reply removed.

 

[Cake Monster]

2 hours ago, mrmicbkktxl said:

Swine fever?

Swine Fever indeed

But not in Thailand, but China, where its been reported that 500 Million Pigs have been culled.

It would be my guess that Pork has been either sent on the Hoof, or Butchered to China , thus causing a shortage in Thailand.

There are some calls for the Government to cease all Pork Exports, whilst others are asking for Imports of Pork.

 

 

 

[jollyhangmon]

 

 

[Eric Loh]

48 minutes ago, Cake Monster said:

Swine Fever indeed

But not in Thailand, but China, where its been reported that 500 Million Pigs have been culled.

It would be my guess that Pork has been either sent on the Hoof, or Butchered to China , thus causing a shortage in Thailand.

There are some calls for the Government to cease all Pork Exports, whilst others are asking for Imports of Pork.

 

 

 

Export ban in placed and for 3 months till April. In normal times, Thailand produced 19 million pigs and consumed 18 miilion per year. Current only 13 million produced. Pure supply and demand reason. 

https://thethaiger.com/news/bangkok/thailand-to-impose-three-month-ban-on-live-pig-exports-in-order-to-boost-domestic-supplies

[KhunLA]

To the title ... greed.   

 

Because they can, and will, until they can't.

[userabcd]

In Makro on Saturday the cut of pork we buy was about 300 B/kilo wheras before it was about 240B/kllo.

 

In other supermarkets it costs a lot more.

 

 

[superal]

2 days ago my lady had to pay 220 a kilo and today her friend said it was 280 a kilo in the local market .

I am talking about pork loin which is arguably the best cut .

[worgeordie]

They should investigate the price of vegetables also,

getting expensive to make a meal, the poor must be

eating more leaves they forage than ever...

regards Worgeordie ,  P.S. also price of Rice , low prices on the farm , retail prices High

Edited January 10, 2022 by worgeordie

[Orinoco]

Greedy Pigs.

Ripping off people.

[Thingamabob]

Killing and eating animals is disgusting.

[Longwood50]

I worked for Merrill Lynch for a period of time.  The favorite answer as to why stock prices were going up was  " More buyers than sellers"  The same is true here.  

When supplies are limited and demand either remains constant or goes up then prices rise.  When supplies are plentiful or demand declines the price goes down.  

[jacko45k]

5 minutes ago, Thingamabob said:

Killing and eating animals is disgusting.

How do you feel about oysters?

Edited January 10, 2022 by jacko45k

[Edwin Cameron]

Australia has plenty of 'clean' pork, why not import ?

[Geir Rasch]

Pork business is not a free marked in Thailand. It is all controlled by CP who is so big that government don’t dear do anything to stop this monopoly. Beside CP own Makro, Lotus, 7-Eleven and more. Free marked does not exist in Thailand!

Edited January 10, 2022 by Geir Rasch

[stigar]

svine fewer--but they denied that.They think people is supid.

[billd766]

7 hours ago, poyai111 said:

High production prices? Since when have farmers been able to pass these costs onto consumers? Greedy hiso middlemen are the likely culprits.

If you are a pig breeder and want a good price you need to fed them good quality food and no slops or any old rubbish. Good quality pig food is ot cheap and who are the main suppliers?

 

Why it is CP group. Now isn't that a surprise.

 

CP will supply piglets to you. all the required feed that you need, all the meds you will need and buy the fattened up pigs from you as well.

 

The bad thing is that CP will buy from you, at their price, and if you sign a contract with them you may find a get out clause in the micro print that they will only buy healthy pigs.

 

I had a friend a few years ago who had an independent pig farm and he was making a reasonable living from it. Then a few locals saw what he was doing and started pig farms for themselves using cheaper food, undercutting him with costs and producing cheaper but inferior pork. He held out as long as he could but eventually he cut his losses and quit pig farming.

[billd766]

2 hours ago, Orinoco said:

Greedy Pigs.

Ripping off people.

Who are the greedy pigs ripping off people?

[Orinoco]

Just now, billd766 said:

Who are the greedy pigs ripping off people?

It's a bit of a joke, a play on words.

Sorry if you have a sense of humor failure on a Monday.

Oink Oink. 

[billd766]

1 hour ago, Edwin Cameron said:

Australia has plenty of 'clean' pork, why not import ?

And what prices are the Aussies charging?

 

Then add transportation costs simply to get it to Thailand let alone transporting the pork within Thailand.