Impacts of Non-Zero Ractopamine Pork Import liberalization Policy
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Abstract
This research attempts to study the impacts of the non-zero ractopamine pork import ban policy by quantifying into ad-valorem tariff equivalent and employing a multi-market model to analyze its impacts on wholesale and retail markets. The results find that, in case, the ban policy has still been implemented, farm-gate hog price, hog carcass price, pork retail prices, farm- and retail-marketing margin, consumption, production, and imports have been increasing. The implementation of a non-zero ractopamine pork import liberalization policy had instantly decreased the ad-valorem tariff equivalent to 7.88%. The consumptions and imports increase by 3,725.38 tons and 650 tons, respectively since imported pork meats are cheaper than domestic pork meats. Thus, the domestic productions are substituted by 6,560 tons. The farm-gate hog price, hog carcass price, pork retail prices, farm and retail marketing margin have decreased by 75, 0.95, 1.36, 0.2, and 0.41 THB/kg, respectively.
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