snoop1130 Posted January 21, 2022 Share Posted January 21, 2022 NONTHABURI, Jan 21 (TNA) – The owners of cold storage warehouses must declare their stocks if they keep more than 5,000 kilograms of pork each. Otherwise, they will face legal action, according to the Commerce Ministry. Boonyarit Kalayanamit, permanent secretary for commerce, announced the requirement and said that about 400 warehouse operators who made such declarations had altogether over 8.3 million kilograms of pork as of Jan 17. The operators registered their pork storage with the Department of Livestock Development and the department is verifying their data together with the Department of Internal Trade. Full Story: https://tna.mcot.net/english-news/line-today-english-news-866648 -- © Copyright TNA 2022-01-21 - Aetna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. - Follow ASEAN NOW on LINE for breaking COVID-19 updates 2 Link to comment Share on other sites More sharing options...
ukrules Posted January 21, 2022 Share Posted January 21, 2022 Why? Is there no free market operating in Thailand? 1 1 Link to comment Share on other sites More sharing options...
Popular Post overherebc Posted January 21, 2022 Popular Post Share Posted January 21, 2022 13 minutes ago, ukrules said: Why? Is there no free market operating in Thailand? Free market and profiteering are two different animals. 5 Link to comment Share on other sites More sharing options...
ukrules Posted January 21, 2022 Share Posted January 21, 2022 41 minutes ago, overherebc said: Free market and profiteering are two different animals. Indeed, however you haven't profiteered until you sell it at a massively inflated price - which clearly hasn't happened yet. Has anyone considered that they might simply have retained enough stock so they can continue to supply their regular customers who rely on them? That would be good supply chain management to maintain a large enough buffer stock in case there's any delivery issues, a contingency plan if you will. 2 Link to comment Share on other sites More sharing options...
overherebc Posted January 21, 2022 Share Posted January 21, 2022 3 minutes ago, ukrules said: Indeed, however you haven't profiteered until you sell it at a massively inflated price - which clearly hasn't happened yet. Has anyone considered that they might simply have retained enough stock so they can continue to supply their regular customers who rely on them? That would be good supply chain management to maintain a large enough buffer stock in case there's any delivery issues, a contingency plan if you will. 'If' that's what they're doing then they can't squeal if or when the fresh supply starts to increase and prices drop. 2 Link to comment Share on other sites More sharing options...
Popular Post sletraveler Posted January 21, 2022 Popular Post Share Posted January 21, 2022 13 hours ago, ukrules said: Indeed, however you haven't profiteered until you sell it at a massively inflated price - which clearly hasn't happened yet. Has anyone considered that they might simply have retained enough stock so they can continue to supply their regular customers who rely on them? That would be good supply chain management to maintain a large enough buffer stock in case there's any delivery issues, a contingency plan if you will. LOL. Is this a troll post? It’s all about creating a supply problem. This following the elimination of many of the small producers due to swine flu. 3 Link to comment Share on other sites More sharing options...
hotchilli Posted January 21, 2022 Share Posted January 21, 2022 14 hours ago, snoop1130 said: NONTHABURI, Jan 21 (TNA) – The owners of cold storage warehouses must declare their stocks if they keep more than 5,000 kilograms of pork each. Otherwise, they will face legal action, according to the Commerce Ministry Must declare.... LOL 1 Link to comment Share on other sites More sharing options...
hotchilli Posted January 21, 2022 Share Posted January 21, 2022 14 hours ago, snoop1130 said: Boonyarit Kalayanamit, permanent secretary for commerce, announced the requirement and said that about 400 warehouse operators who made such declarations had altogether over 8.3 million kilograms of pork as of Jan 17 While street prices are rocketing... shortage what shortage? 1 Link to comment Share on other sites More sharing options...
Elkski Posted January 22, 2022 Share Posted January 22, 2022 8.3 mil kg that's roughly 20 mil pounds. Or 60-80 mil servings. So 1 weeks supply for 70 million people. Sounds like a big stockpile at first but not really if I did my math correctly? 2 Link to comment Share on other sites More sharing options...
Eric Loh Posted January 22, 2022 Share Posted January 22, 2022 18 minutes ago, Elkski said: 8.3 mil kg that's roughly 20 mil pounds. Or 60-80 mil servings. So 1 weeks supply for 70 million people. Sounds like a big stockpile at first but not really if I did my math correctly? Agree with you. It’s a combination of hoarding and supply shortages with demand being constant. Hoarders unscrupulously took advantage of the short supply from pig farmers ceasing business enable to cope with rising feed prices. Link to comment Share on other sites More sharing options...
sammieuk1 Posted January 22, 2022 Share Posted January 22, 2022 Suggest calling a man to get to the bottom of any pork story ???? 2 Link to comment Share on other sites More sharing options...
shackleton Posted January 22, 2022 Share Posted January 22, 2022 Let's hope the warehouse owners declare the truth And don't tell Porkies Link to comment Share on other sites More sharing options...
digger70 Posted January 22, 2022 Share Posted January 22, 2022 If they are still getting pork and storing that, that would be Hoarding but if they keep supplying there customers with there normal buying request then there's nothing wrong with the stock they have . 8.3 mill Kg isn't that much for 68 mill people ,that's only enough for a couple days ,at most a week. Link to comment Share on other sites More sharing options...
Cake Monster Posted January 23, 2022 Share Posted January 23, 2022 On 1/21/2022 at 4:45 PM, ukrules said: Why? Is there no free market operating in Thailand? Just 2 letters will give you the answer to that question. 1 Link to comment Share on other sites More sharing options...
Mr Meeseeks Posted January 23, 2022 Share Posted January 23, 2022 Thaksin has ruffled some feathers with his accusations I see. Link to comment Share on other sites More sharing options...
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