Farm-gate pig prices rise 2 baht; breeders call for market mechanism

Thansettakij•Economy•6d ago

Reader Briefing

Farm-gate fattened pig prices are set to increase by 2 baht per kilogram tomorrow.

•Fattened pig prices will increase by 2 baht per kilogram tomorrow.
•Duanden Yimyaem of the National Swine Raisers Association attributes the price rise to cooperation among parties and reduced supply due to slow growth and rainy season illnesses.
•Pig farmers are requesting the Department of Internal Trade to allow prices to be determined by market mechanisms.
•Illegal pork and tax-evaded agricultural products from neighboring countries are identified as major factors undermining price stability.

Overview

•Fattened pig prices will increase by 2 baht per kilogram tomorrow.
•Duanden Yimyaem states the price increase is due to cooperation among parties and lower market supply caused by slow pig growth and illness in piglets during the rainy season.
•Duanden Yimyaem expresses frustration that government agencies often intervene to control profit margins when farmers begin to recover from losses.
•Duanden Yimyaem urges the Department of Internal Trade to let prices follow market mechanisms as the current increase will not cause consumer hardship.
•Duanden Yimyaem warns that illegal pork and tax-evaded agricultural goods from neighboring countries are destabilizing prices.
•Duanden Yimyaem views the Thai Chuay Thai Plus project as a good consumption stimulant but worries a second phase may create excessive national and public debt.
•Duanden Yimyaem proposes the establishment of a Swine Fund using a surplus production cutting model similar to the egg industry to maintain price stability.

Full article content is available on the original source.

Read on Thansettakij (Thai Version)View in Google Translate

Source: Thansettakij (Original)

Key Quotes

Duanden Yimyaem

"Some groups still have a prejudice against pig farmers, even though in reality, it takes years to raise each pig through diseases and obstacles until they are large enough for the market."

คนบางกลุ่มยังมีอคติกับคนเลี้ยงหมู ทั้งที่ในความเป็นจริง กว่าที่พวกผมจะเลี้ยงหมูแต่ละตัวจนรอดพ้นโรคภัย ฟันฝ่าอุปสรรคจนขุนได้ขนาดส่งออกสู่ท้องตลาดได้นั้น ต้องใช้เวลาเลี้ยงยาวนานเป็นปี ๆ

Key Entities

Person

Duanden Yimyaem(เดือนเด่น ยิ้มแย้ม)

Committee member of the National Swine Raisers Association and the Northeastern Swine Raisers Association.

Organization

National Swine Raisers Association(สมาคมผู้เลี้ยงสุกรแห่งชาติ)

An organization representing pig farmers in Thailand.

Northeastern Swine Raisers Association(สมาคมผู้เลี้ยงสุกรภาคตะวันออกเฉียงเหนือ)

An organization representing pig farmers in the northeastern region of Thailand.

Department of Internal Trade(กรมการค้าภายใน)

The government agency that pig farmers are requesting to allow market-driven pricing.

Thanakiwat(ฐานเศรษฐกิจ)

The news organization reporting on agricultural prices and livestock trends.

Policy

Thai Chuay Thai Plus(ไทยช่วยไทยพลัส)

A government project providing 1,000 baht per month to citizens for 4 months to stimulate consumption.