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What’s behind the steep jump in pork prices?


webfact

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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/

 

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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.

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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

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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.  

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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.

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