Thai feed producers delay wheat imports to support domestic corn prices

04.10.2016

Thai feed producers recently bought corn from local farmers at above-market prices while delaying wheat imports, supporting local corn prices during the harvest season, Pornsil Patchrintanakul, President of the Thai Feed Mill Association told Asian Agribiz. The Commerce Ministry recently asked feed producers to buy corn from local farmers at prices above USD 0.23/kg.

Meanwhile, the current corn prices is around USD 0.17/kg in Thailand. All member of Thai Feed Mill Association, have also delayed importing wheat until the end of corn harvest season. “We are delaying at least 200,000 tonnes of wheat imports from October to December,” Mr Pornsil added. As a result, the domestic corn price will not be affected by wheat imports.


asian-agribiz

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