Ministry Action Aims to Keep Pork Price Reasonable

by 5m Editor
28 March 2008, at 8:33am

THAILAND - In a bid to stabilise pork prices the Thai Commerce Ministry is planning to tackle the practice of price speculation by major pig breeders.

Without any measures, the price of pork could soar to Bt150-Bt200 per kilogram.

Commerce Minister Mingkwan Sangsuwan said yesterday that the ministry had found evidence of speculation on piglet prices.

The Internal Trade Department also reported yesterday that farmers would be allowed to increase pig prices at the farm gate by Bt3 per kilo, bringing the price to Bt63. The move aims to offset the increase in farmers' production costs to Bt56-Bt57 per kilo due to rising raw material and oil prices.

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5m Editor