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Monday, April 29, 2024

World wants more of Thailand’s pork as neighbours reel from deadly disease

BANGKOK, March 15 (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%. 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…

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