Thailand’s Public Warehouse Organisation (PWO) is planning to import maize from a neighbouring countries to lower feed costs in some farm sectors.
About 86,000 tonnes of maize costing THB 700 million (USD 22.76 million) is expected to be brought into the country from either Laos or Cambodia.
The maize will then be sold to farmers in the swine and egg industries at below the market price of THB 7/kg (USD 0.23).
Boonsong Teriyapirom, Commerce Minister, believes the imports will lower local food prices.
PWO’s President Pol Maj Sarawut Sakulmeelit, revealed that Thailand’s livestock sector uses 4.2-4.3 million tonnes of maize/year. However, to manage the short supply, the country has to import from Asean members under a quota system.