Thailand has imposed a measure to curb rising pork prices by banning exports from January 6 to April 5, 2022, amid shortage of meat as the Lunar New Year celebrations are right around the corner.
Pork prices in Thailand from an average of 150 baht have risen to 250 baht in some areas and could reach 300 baht, according to estimates from the Swine Raisers Association of Thailand.
Data announced by the Ministry of Commerce showed that the number of swine in Thailand has dropped in 2022 from 19 million to 13 million while domestic demand is around 18 million and possibly rising prior to the Lunar New Year celebrations on February 1, 2022.
“Prices will continue to rise because there’s limited supply and feed costs are very high with no signs of improvement,” said Surachai Sutthitham, the president of the Swine Raisers Association of Thailand.
