Permanent Secretary for Commerce Yanyong Phuangrach has voiced his confidence that the pork price situation will return to normalcy within two months while prices of imported raw materials are under surveillance.

Mr Yanyong stated that the majority of butchers are selling pork at a regulated price while price of live pigs at farms now has dropped below 80 baht a kilogram. He said the Ministry of Commerce will consider reducing the regulated pork price if pig price fells continuously.

The permanent secretary expected that expensive pork price will return to normalcy in the next two months after it has been high for a period.

Mr Yanyong noted that the ministry has not yet approved price hike for any products, but has ordered related units to monitor product prices closely, especially products whose materials must be imported such as battery, steel, fertilizer and electrical wire.

The permanent secretary admitted that if raw material prices keep increasing for many months, the ministry has no choice but to let the market mechanism work; otherwise, there will be shortage in the market.

Mr Yanyong added that Deputy Prime Minister and Commerce Minister Kittirat Na Ranong will travel to work at the Ministry of Commerce at 9.00 hrs on Wednesday to pay respects to holy beings at the ministry and hand down his policy to high-ranking officials.

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