Rising Costs Impact Pork Prices with Expected Relief in Sight

Bangkok: Domestic trade officials have reported that rising energy and transportation costs are driving up pork prices, though an anticipated increase in production during October and November is expected to bring some relief to consumers.

According to Thai News Agency, Mr. Witiyakorn Maneenet, Director-General of the Department of Internal Trade, explained that the recent surge in pork prices is attributed to several factors. Earlier this year, a large supply of pork in the market coupled with low production costs kept prices down. However, the onset of conflict led to increased hidden costs related to energy, transportation, logistics, and operational expenses, which have collectively driven up the cost of goods.

The "Thai Helps Thai" project has played a crucial role in stimulating the economy and maintaining consumption levels for pork, chicken, and eggs, despite an annual dip in livestock product quantities during this period. This seasonal decrease, combined with rising costs, has contributed to the current price dynamics.

Recent data indicates the farm-gate price of live pigs has risen by 2 baht per kilogram, now ranging between 76-79 baht per kilogram, an increase from last week's 74-78 baht. This continues the upward trend observed in recent months. However, with the expectation of increased pork supply in the upcoming months, prices are predicted to decrease.

In contrast, the farm-gate price of mixed chicken eggs has held steady at 4 baht per egg since August 7th. This stability follows a period of production shifts and laying hen culling in July and August, which led to a temporary egg supply reduction. To address this, the Department of Internal Trade has worked with the Department of Livestock Development to prolong the lifespan of laying hens, offsetting the daily production shortfall of 300,000-400,000 eggs.

Mr. Witayakorn expressed optimism that with a new batch of hens entering the system in October, egg production will increase, and the supply situation will revert to normal levels.