Thai Govt Tackles Soaring Pork Prices, Plans Domestic Solutions

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In response to public concerns over the high cost of pork, Thailand's Ministry of Commerce has announced measures to address the issue. Commerce Minister Pichai Naripthaphan noted that domestic pork prices are significantly higher than imported pork, prompting the ministry to act.

 

The Ministry of Commerce has tasked the Internal Trade Department with collaborating with various agencies to find solutions. The objective is to make the pork pricing chain fairer for consumers. Ministry spokesperson Witthaya Maneenate stated that importing pork is not currently part of the plan. The focus remains on resolving domestic issues so that the public does not bear the burden of high pork prices.

 

The government is particularly worried about the high price structure within Thailand. Minister Pichai has directed an examination of the entire pork supply chain, including piglets’ costs, feed prices, and farming management practices. The goal is to enable all actors in the supply chain—producers, slaughterhouses, and processors—to reduce costs and improve competitiveness.

 

 

 

 

With the average price of live pigs at 72.3 baht per kilogramme and domestic pork at 133.94 baht per kilogramme, the ministry aims to find cost-saving measures. These measures will then be reported to the minister to ensure swift action.

 

The initiative aligns with growing public concerns over rising food costs, which have strained household budgets. By meticulously examining costs in pig farming and pork production, the government hopes to find sustainable solutions that benefit both producers and consumers. The overarching aim is to keep pork affordable for Thai consumers while maintaining efficient operations within the food supply chain.

 

The ministry has also urged relevant agencies to quickly propose strategies to reduce production costs. It's essential that any savings are passed on to the public, easing the financial strain on households.

 

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-- 2024-09-24