Thailand: DIT stops announcing recommended pork prices

The Department of Internal Trade (DIT) under the Ministry of Commerce has stopped announcing recommended pork prices after finding price fluctuations are volatile and supplies are still in shortage.

Thursday 28 July 2011 (7 years 2 months 23 days ago)
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The Department of Internal Trade (DIT) under the Ministry of Commerce has stopped announcing recommended pork prices after finding price fluctuations are volatile and supplies are still in shortage.

DIT Director-General Vatchari Vimooktayon elaborated that the DIT so far has been asking for cooperation from entrepreneurs to pin pork prices while enforcing bans on exports and transfers of pigs to neighbouring countries where pork is more expensive than in Thailand. The director-general admitted that the measures still cannot increase pork supplies; therefore, the DIT will postpone announcing recommended pork prices indefinitely, but she assured that the DIT is still monitoring pork prices closely.

Ms Vatchari reported that at present live pigs are priced at 78-79 baht a kilogram while pork prices are at 140-150 baht a kilogram. She indicated that the prices are really reflecting the true operating costs although they are expensive.

The director-general announced that the DIT hence will speedily launch measures to assist people while the Blue Flag project will continue to sell cheap pork at the average price of 120 baht a kilogram for people. The DIT is still scheduled to hold about 300 more Blue Flag fairs across the country.

27 July 2011. Thainews
thainews.prd.go.th

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