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Warehouses Must Report Huge Pork Stocks


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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

 

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-- © Copyright TNA 2022-01-21
 

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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.

 

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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.

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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

 

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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?

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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?

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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. 

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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.

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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.

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