In this file:
· Thailand imposes 3-month ban on pork exports
· Pork prices in Thailand expected to normalize within 4 months
Thailand imposes 3-month ban on pork exports
Source: Xinhua (China) Editor: huaxia
BANGKOK, Jan. 6 (Xinhua) -- Thailand's Ministry of Commerce on Thursday imposed a three-month ban on pork exports, hoping to curb rising pork prices which have reached over 200 baht (about 5.96 U.S. dollars) per kilogram.
The ban, effective from Jan. 6 to April 5, is part of the three-phase measures of the government's plans to address the soaring pork price problem.
The other two measures include the promotion of more local maize production in order to be less dependent on imported swine feed and raising farm standards to prevent animal disease.
Additionally, farmers and traders who raise or export more than 500 pigs, including firms with a cold storage warehouse keeping more than five tons of pork are ordered to report their current stocks and prices to the Internal Trade Department...
Pork prices in Thailand expected to normalize within 4 months
By Pattaya Mail (Thailand)
January 6, 2022
Increased demand for pork from markets and lowered supply, as well as heightened prices of feed materials such as corn and soybean meal, have been cited as the major causes of expensive pork. The high production cost has prompted a number of farmers to leave the pork raising scene, but authorities say they expect pork prices to normalize within 4 months.
Prime Minister Gen. Prayut Chan-o-cha ordered the Ministry of Commerce and the Ministry of Agriculture and Cooperatives to quickly mend the problem of expensive pork. For the short term, delay of exportation will be implemented while wholesalers and retailers will be asked to keep from increasing pork prices. Sellers are also being asked to avoid setting excessive prices for pork. The prices are expected to normalize within 4 months.
Finance Minister Arkhom Termpittayapaisith said the government is addressing the issue of expensive pork by halting pork exports, waiving fees and taxes on pork, promoting the cultivation of feed corn to replace imports, and providing special loans via the Bank for Agriculture and Agricultural Cooperatives for the purpose of increasing the robustness of the pork production system...