Pig production in Thailand to decline sharply
USDA analysts are expecting a sharp decline in pig production in Thailand. As the last Asian stronghold confirmed an ASF outbreak in farms, the impact is expected to be severe at least for 2022. Swine production in Thailand is expected to reach 12-13 million head in 2022, down 35-40% from the average annual production of around 19-20 million pigs prior to the African swine fever outbreak.
The reduced swine production has put upward pressure on swine prices since 2019. Farm-gate prices of hogs and retail prices of pork meat increased to record levels in January. Farm-gate prices of hogs in January 2022 increased to 96 Baht/kilogram ($2,885/ton), up 27% from the same period last year. Meanwhile, retail prices of pork meat increased to 190-200 Baht per kilogram ($5.3), up 23% from the same period last year. Average retail prices of pork meat in 2022 are expected to increase around 30% from 2021 due to limited supplies of swine during the ASF outbreak.
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