Fishmeal outcry, reduce import duties, fishing is ruined

Published 2020년 6월 21일

Tridge summary

The Thai Fishmeal Producers Association is opposing a proposal by the Department of Fisheries to reduce import duties on feed ingredients, aimed at reducing costs for farmers and increasing competitiveness. The association argues that this could lead to the death of the industry and harm Thailand's export capabilities. The current fishmeal price is at a five-year low, further affected by the pandemic and cheaper oil prices. However, domestic balance and international market prices are expected to decrease further. From January to April, Thailand imported 21,768 tons of fishmeal, an 11.66% increase from the same period last year, while exports also saw a significant increase.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Amnuai Eu Areemit President of the Thai Fishmeal Producers Association revealed that the "economic base" received the most urgent letter. From the Subcommittee on Aquaculture Development and Rehabilitation, the Department of Fisheries invited a meeting to discuss ways to reduce import duties on feed ingredients. Claiming to alleviate the suffering of farmers from low waterfall animal prices. And is to increase the ability to compete in price Since the aquaculture price accounts for 40 percent of the production cost, the association disagrees and will object to the meeting. That will be held on June 30th, because if letting go bankrupt the whole country for sure "Today, if the country is really lacking No output will Currently, each year more than 60,000 tons are imported. This year is expected to export around 1.4-1.5 hundred thousand tons, being the province of Covid-19. Helps to increase exports. The fishmeal price is the lowest in 5 years. The price of fishmeal number 1 is ...

Source: Ththansettakij