Thailand’s pork prices expected to increase slightly in Q1

12.01.2017

Farmgate price of live pigs is expected to rise marginally to USD 1.66-1.82/kg in Q1 in Thailand, compared to USD 1.54-1.74/kg in Q4 of last year, thanks in part to government measures to spur consumer spending, Surachai Sutthitham, President of the Swine Raisers Association of Thailand, told Asian Agribiz. Pork prices have been on a downward trajectory in the second half of 2016 due to oversupply of pork and slowing consumer demand amid low agricultural prices.

Some pig farmers also decided to postpone raising pigs last year in the face of continued lower pork prices, Mr Surachai added. “Thailand will see a slight oversupply of pork in Q1 this year and pork consumption will grow slightly or will be stable,” he said.  Meanwhile, the association is finding ways to export more live pigs to southern China and Cambodia, Mr Surachai said.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult