Pork prices surge prior to Chinese New Year

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BANGKOK, 27 January 2014  As Chinese New Year is approaching, prices of pork in many provinces have gone up due to a slowdown in pigs’ growth and shortage of pork supply. In the northeastern province of Sakon Nakhon, an increase in retail pork price by 20 baht per kilogram has been reported in a local fresh market, bringing the price up to 160 baht a kilo. One of the vendors admitted that the price had been on the rise for 10 days already and the reason was the cold weather which had delayed the growth of pigs, leading to supply shortage in the market.

In Meaung district of Yala province, a vendor said pork price began its continuous surge last week and was likely to go even higher in the next couple of days when Chinese New Year arrives. However, the number of customers has not declined much and prices of vegetables are still stable.