Pork Prices Drop After Launch of 50-50 Co-pay Campaign

[snoop1130]

 

UTHAI THANI (NNT) - Local media recently reported that the prices of pork have started falling at markets in Uthai Thani province, following a month of price hikes. The development notably occurred after the end of the Lunar New Year and the launch of the 50-50 Co-pay government stipend campaign.

 

These markets now offer pork at 200 baht per kg, a decline from 220 - 250 baht per kg previously. Red meat is now being sold at 180 baht per kg, a drop from 200 baht per kg previously.

 

Although these prices are still considered higher than normal, the farm prices of these products are expected to continually drop and spur higher demand from vendors and consumers.

 

Several vendors said the Co-pay program helps consumers make purchasing decisions, as the government subsidizes half of the purchases. The sellers also said the program has been a boon following an extended period of low demand due to price hikes.

 

Additionally, both consumers and vendors agreed that the program should continue until the economy fully recovers.

 

-- © Copyright NNT 2022-02-07

 

- 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

[worgeordie]

I thought it would be because end of Chinese new year, and

because people are baulking at the high prices, supply and

demand , plenty of pork about , less people buying ,result

price goes down.

regards worgeordie

[Petey11]

26 minutes ago, worgeordie said:

I thought it would be because end of Chinese new year, and

because people are baulking at the high prices, supply and

demand , plenty of pork about , less people buying ,result

price goes down.

regards worgeordie

Basic economics but remember this is Thailand, normally raise the price to counter shortfall of sales rather than the other way around.

[connda]

I must be a "rich farang."  If the pork loin looks excellent - I don't mull over the price - I just buy it.  Delicious  ????. 

[DezLez]

Of course it has nothing to do with the adverse publicity and "Governement" investigations has it?

Edited February 7, 2022 by DezLez

[zzaa09]

1 hour ago, Petey11 said:

Basic economics but remember this is Thailand, normally raise the price to counter shortfall of sales rather than the other way around.

Falsely controlled and make believe economics - which seems to be all too commonplace the world over. 

Basic might be akin to a real open and free marketplace, which is almost non-existent.

Edited February 7, 2022 by zzaa09

[tracker1]

Haven't seen a price drop as yet and as most know what goes up in price rarely comes down although I have seen less people purchasing pork in the local market a pretty good indicator why !

[StayinThailand2much]

1 hour ago, connda said:

I must be a "rich farang."  If the pork loin looks excellent - I don't mull over the price - I just buy it.  Delicious  ????. 

Same here. Food or holidays I never mull about prices.

[expat_4_life]

At my local market in Bangkok, TongLo, the pork price was down 10 Baht yesterday.

 

Hopefully seafood and veg have also seen price reductions.

[hotchilli]

13 hours ago, snoop1130 said:

The development notably occurred after the end of the Lunar New Year

How amazing is that?

[hotchilli]

13 hours ago, worgeordie said:

I thought it would be because end of Chinese new year, and

because people are baulking at the high prices, supply and

demand , plenty of pork about , less people buying ,result

price goes down.

regards worgeordie

It was price gouging from the start...

[zzaa09]

On 2/7/2022 at 4:45 PM, hotchilli said:

It was price gouging from the start...

Free and open market? 

[hotchilli]

8 hours ago, zzaa09 said:

Free and open market? 

Free and open domestic market.... with virtually no imported goods competing price-wise  due to luxury taxes.