Thai Pork Exports Surge as African Swine Fever Hits Asia Herds

Photographer: Chris Ratcliffe/Bloomberg Photographer: Chris Ratcliffe/Bloomberg Thailand’s pork industry is bringing home the bacon after a deadly pig-killing disease wiped out millions of hogs across Asia. While overall Thai exports fell 6% last year amid the Covid-19 pandemic, exports of live pigs rose 339% in value as Thailand is one […]

relates to World Wants More of Thailand’s Pork as Neighbors Reel From Deadly Disease

Photographer: Chris Ratcliffe/Bloomberg

Thailand’s pork industry is bringing home the bacon after a deadly pig-killing disease wiped out millions of hogs across Asia.

While overall Thai exports fell 6% last year amid the Covid-19 pandemic, exports of live pigs rose 339% in value as Thailand is one of the few Asian countries that hasn’t reported an outbreak of African swine fever. Shipments of chilled, frozen and processed pork were up 69%.

Meat Market

Thai frozen pork exports increased sharply in the second half of 2019

Sources: Commerce Ministry, Bloomberg

The decline in Thailand’s overall exports, along with a staggering drop in tourism amid the pandemic, pushed the economy to a contraction of 6.1% last year, its worst showing since the Asian financial crisis. The economy is expected to grow 2.5%-3.5% this year, according to the National Economic and Social Development Council.

At just 0.3% of Thailand’s total exports, pig and pork exports weren’t enough to compensate for the declines in other products last year, Phusit Ratanakul Sereroengrit, director-general of the Commerce Ministry’s Trade Policy and Strategy Office, said in an email interview. But Phusit expects shipments of pork and other food products to continue growing this year as the government pushes for Thailand to be “the world’s best quality food producer” and to expand its share of the global food market.

admin

Next Post

Biden, Harris and others to promote COVID-19 relief package in cross-country tour

Sat Mar 20 , 2021
Let the sales push begin.President Joe Biden, Vice President Kamala Harris and their spouses have begun an ambitious, cross-country tour this week to highlight the benefits of his $1.9 trillion plan to defeat the coronavirus and boost the economy.The road show — dubbed the “Help is Here” tour by the […]