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

Rice
Thailand
Published Oct 17, 2021

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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