We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry.
We focus on grains and food industry. current time
Thailand aims to lower feed expenses by sourcing corn
As stated by Pozh Aramwattananont, Chairman of the Thai Chamber of Commerce (TCC), Thailand’s initiative to import 1 million tonne (mt) of corn from the US will not adversely affect local agricultural producers.
He mentioned that Thailand’s yearly corn requirement is between 8 to 9 mt, while domestic output only meets 4.8 to 5 mt. Consequently, there exists a considerable deficit of raw materials in the market.
“The imports from the US will contribute to fulfilling the nation’s overall corn requirements. These actions are intended to manage the raw material supply and guarantee the stability of food provisions,” he clarified.
Thailand has planned to import corn from the US between February 1 and June 30, roughly two months prior to the commencement of the domestic harvest. A support mechanism for the domestic market is established for importers: local and imported corn must be acquired at a ratio of 3:1, prioritizing the sale of domestically produced corn.
Pozh Aramwattananont emphasized that the primary goal of these imports is to sustain stable feed production costs, which have a direct effect on the prices of essential food items, such as poultry, pork, eggs, and seafood.
On the other hand, analysts from the Kasikorn Research Center predict that importing corn from the US will lead to a reduction in feed production costs by approximately 8 percent.
