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Pork Prices Drop Down to Bt5/ kg
30 October 2008THAILAND - Swine producers have agreed to cut pig prices by Bt1 per kg, to Bt55, with immediate effect, which would lead to a Bt5-per-kg drop in pork prices.
Surachai Sutthitham, president of the Swine Raisers Association, said red meat will now retail at Bt105-Bt107 per kg.
The Nation reports that he attributed the decision to a 5 per cent drop in feed meal cost. He refrained from commenting if the price would be further cut, citing that the government's corn price intervention could delay a further drop in feed meal prices.
He noted that the corn pledging price of Bt8.50 per kg is over market value.
ThePigSite News Desk
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