News Forum - Pork price crisis ups demand for poultry, chicken added to price control list

[Thaiger]

Thailand’s pork price crisis is causing an increased demand for chicken, leading poultry and egg prices to surge. The Ministry of Commerce has now added chickens and chicken meat to their price control list. The ministry now mandates that chicken raisers with over 100,000 chickens, and slaughterhouses with the capacity for over 4,000 chickens a day, disclose their quantity, stocks, and sales costs each month. The Central Committee on Prices of Goods and Services now requires all 55 domestic feed meal factories to list their sales costs, production volume, and stocks, as well as obtain approval from the International Trade […]

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[Jason]

Import pork from Australia.....

[Cabra]

It's interesting... Like the pandemic itself, seems like everything affecting the rest of the world affects THA 4 months later... Inflation hIt the West hard, and now it's hitting THA. Some of of it is likely manipulation by the producers and some of it is likely macroeconomics.

Edited January 20, 2022 by Cabra

[longwood50]

9 hours ago, Thaiger said:

The Ministry of Commerce has now added chickens and chicken meat to their price control list

The surest way to make sure of a shortage is to control the price.  If prices are high it encourages other producers.  If prices are restricted, the existing producers if they can't charge enough to cover their expenses, just stop raising chickens. 

If price controls worked, the government could just mandate the maximum amount for each product and eliminate any inflation whatsoever. 

[Vince]

11 hours ago, Jason said:

Import pork from Australia.....

Or hamsters from Hong Kong.