Thailand becomes a major player in the Asian pig market
Thailand has become the main source for breeding pigs for countries in South-East Asia who are impacted by the ASF crisis. Thailand’s live pig exports in the first 7 months of the year doubled to reach 1.46 million heads, according to the latest Genesus Market report. Almost 80% of the pigs exported have passed through Cambodia but were probably destined to Vietnam, a country that suffered hard from the ongoing ASF outbreak. In 2019, the Vietnamese national pig inventory has decreased by 30% and for this year, authorities are estimating another 6% contraction.
"Nearly 80% of the pigs or 1,154,255 heads exported from Thailand during the first seven months of the year were destined for Cambodia valued at $247.64 million. Although no record available, it is understood that most of the pigs shipped from Thailand to Cambodia and moved further to Vietnam. Thailand exported 150,636 pigs in Laos worth $26.8 million during the period. Similar to Cambodia, most of the pigs landed in Laos are expected to ship further to Vietnam.
Meanwhile, Myanmar imported a total of 90,259 pigs worth $17.7 million from Thailand in the same period. Half of the pigs shipped from Thailand to Myanmar were piglets weight 16-26kg. The jump in live pig exports has pushed the local pig price over 20% year-on-year. Although the government fixed the local pig price at $2.6/kg, no one wants to sell at this price as exporters offered them up to $2.75/kg and above. Even so, the export price is higher, reaching $3.1 per live kilogram when includes costs of transportation, documentation, and veterinary inspection," reported Paul A. Anderson, General Manager South East Asia - International Sales Manager, Genesus Inc. Vietnam officially approved Thailand to export live pigs in June. From June to July this year, only 68,314 pigs were declared to export to Vietnam
Dovecote Park, a family-owned business renowned for producing premium British beef, veal, and ven...
Production Australia had a strong year for beef production in 2024, producing a record 2.57 mill...
In the hearing titled, American Trade Negotiation Priorities, Kirkland highlighted the benefits o...
