Pork shortage is causing Thailand to suspend exports ahead of New Year’s New Year’s demand

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Pork shortage is causing Thailand to suspend exports ahead of New Year's New Year's demand

“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 association’s president. On Wednesday, the group discussed a dozen measures with the government that also included increasing imports and subsidizing hog raisers, Surachai said.

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Story Highlights

  • As Thailand relaxed restrictions on businesses and inbound travel late last year, demand for pork went up, said Prapat Pothasuthon, deputy minister of agriculture. He said that in the short term, banning exports will balance supply with demand, while in the longer term the government will promote raising more hogs and producing more feed locally.

  • There are about 190,000 raisers in Thailand who together produce some 20 million hogs per year, with 95% of them smallholders. Over the past two years, measures to prevent the spread of African swine fever and Covid-19 and rising feed and drug prices for hogs led some raisers to reduce production, said Prapat.