Thailand’s CPF buys domestic corn directly from farmers

27.10.2016

Thailand’s Charoen Pokphand Foods (CPF) will buy corn directly from local farmers from September 2016 to March 2017, said Paisarn Kruawongvanich, Executive Vice President of Bangkok Produce under CP Group. Thailand’s corn harvest this season has been good. CPF’s direct corn buying program will help support corn prices and guarantee farmers a market for their produce, he said.

CPF is buying domestic corn at 14.5%-30% moisture at USD 0.23/kg for corn at 14.5% moisture in the Bangkok metropolitan region. CPF’s corn buying prices will vary depending on the location and logistics costs. CPF has 15 feedmills across the country, all of which have joined the program. Mr Paisarn expects each feedmill to directly buy 10,000 tonnes of corn per month from farmers.


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