Thailand: Prohibition of importing raw materials for animal feed, 0% tax reduction

from the case of the Thai Animal Feed Manufacturers Association made a letter to the Ministry of Finance To request a reduction of import tax on 29 animal feed raw materials due to the reason that they have to rely on imports of raw materials from foreign countries of more than 60% by imports will have to pay import duties, which is considered part of the cost. Compared to many countries which have no import duties. As a result, the cost of animal feed production in Thailand is higher than other countries. And it has a continual effect on costs in the livestock sector and Thailand's food industry has progressed accordingly. said that it cannot bear the cost of feed ingredients without increasing prices Because domestic animal feed raw materials such as beans, soybean meal and also including other imported raw materials that have increased This will result in the animal feed producers having to bear the cost to support the farmers. The Animal Feed Association therefore wrote a ...