Thai agriculture ministry considers live pig export ban to control pork price

14 Sept 23:42 Key points summarised by AI

The Thai Ministry of Agriculture will consult the Commerce Ministry on a temporary ban on live pig exports to combat skyrocketing domestic pork prices, which exceed 200 baht/kg.
A significant decrease in pig numbers, particularly breeding stock, is attributed to African Swine Fever (ASF) and Porcine Reproductive and Respiratory Syndrome (PRRS) outbreaks, leading to culling and widespread deaths.
High demand for Thai pigs from neighboring countries, coupled with rising costs for animal feed and drugs, further exacerbates the supply shortage and upward price pressure.
Pork prices are projected to remain high until mid-year (July), when new batches of pigs are expected to mature, allowing for a rebalancing of the market supply.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.