Pork prices in Thailand are expected to remain high this year, driven by disease outbreaks, pork shortage, high production costs, and consumer demand. Retail pork prices will average USD 5.73-6.63/kg in 2022, up 30% year-on-year, said the Kasikorn Research Center. Restaurants and food brands are either raising prices of their offerings or reducing portions. Some consumers are also switching to chicken, driving up chicken prices. The Department of Internal Trade has already imposed a six-month price freeze on chicken products to keep food prices in check.
ASIAN AGRIBUSINESS MEDIA PTE LTD