Thailand: Good rain overflows 25 million tons of rice; animal feed producers agree on procurement

Published 2021년 10월 16일

Tridge summary

The Department of Internal Trade in Thailand is discussing with local associations to address the issue of procurement of raw materials for animal feed, specifically paddy and brown rice. The goal is to help feed producers and rice mill operators. However, due to the fear of a surplus of 25 million tons of paddy, the price has collapsed, and the Thai Feed Manufacturers Association has proposed to purchase only 300,000 tons of brown rice from the mill's offer of 4 million tons, at a price lower than 1 baht per kg of corn. This proposal was rejected by the feed producers, and the purchase price and delivery are still under discussion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The dust settled. The commercial slaughter is not over. "Animal feed" agrees to buy only 3 hundred thousand tons of brown rice from the offer of 4 million tons of mills, plus press the purchase price lower than 1 baht per kg of corn. More than 10 baht per piece, representing 6,700 baht of paddy, did not help raise the price. Fear of overflowing 25 million tons of paddy, the price collapses, the mill lacks liquidity to buy News reports from the Department of Internal Trade stated that Last week, Mr. Wattanasak Sueaiam, Director-General of the Department of Internal Trade had a meeting to discuss with representatives of the Thai Rice Mill Association Thai Feed Manufacturers Association To find a conclusion on the issue of procurement of raw materials for animal feed, paddy and brown rice in the country The goal is to help feed producers who are facing the problem of rising raw material costs. and high freight costs and help rice mill operators to have liquidity in buying rice for ...
Source: Prachachat

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