Jump to content

War Room Says Palm Oil and Pork Prices Starting to Drop


webfact

Recommended Posts

711763e40d755bef45449a89863e0754_small.jpg

 

By: Na-ark Rojanasuvan

    

BANGKOK (NNT) - The recently created "war room" addressing the issue of commodity price hikes, particularly for pork and palm oil, has suggested that pork and palm oil prices are starting to fall.

 

The announcement was made by Boonyarit Kalayanamit, permanent secretary to the Ministry of Commerce. He said red meat costs at hypermarkets have risen to between 164 and 170 baht per kilogram. The price is significantly less than the previous range of 187 to over 200 baht per kilogram. Chicken prices also appear to be stabilizing, drumsticks with thighs offered in malls for 65 baht per kilogram and at wet markets for around 70-75 baht per kilogram.

 

Additionally, Boonyarit said the price of bottled palm oil is on the downward trajectory and prices will eventually fall as farmers continue to supply the market with new products.

 

He did, however, remind consumers that the present inventory is derived from stocks. This suggests that prices should remain constant at their current level for the next few weeks before showing a noticeable decrease. Palm oil is now priced between 64 and 65 baht at convenience stores and 61-62 baht in malls.

 

Additionally, the permanent secretary said officials are continuing to monitor cold storage and slaughterhouses for any discrepancies.

 

He reminded cold storage businesses that keep more than 5 metric tons of pork in their weekly inventory to report to the Department of Internal Trade.

 

Recent inspections discovered 12 violators in six provinces who failed to file their weekly reports.

 

nnt.jpg
-- © Copyright NNT 2022-02-09
 

- 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.

 

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.










×
×
  • Create New...