Thai wheat importers compelled to buy domestic corn

16.11.2016

Thailand’s feed producers that import wheat will have to buy domestic corn, as part of government measure to support corn prices, Bangkokbiznews reported. Corn prices have declined due to larger than expected supply in the current harvest season. Commerce Minister Apiradi Tantraporn said imports of wheat will require a permit. Feed producers who import one volume of wheat must purchase three volumes of domestic corn at USD 0.23/kg.

However, Pornsil Patchrintanakul, President of Thai Feed Mill Association, told Asian Agribiz that the livestock industry needs 7.8 million tonnes annually but corn production is around 4.5 million tonnes a year. “If we buy 4.5 million tonnes of domestic corn, we will be able to import just 1.5 million tonnes of wheat. It will not be enough,” Mr Pornsil said, adding the industry imported 3.4 million tonnes of wheat annually in the past two years.


asian-agribiz

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