Thailand approves 1 mln tons duty-free US corn Iiport quota

trade negotiations with the U.S., while emphasizing that the government aims to minimize the impact on local farmers. To protect domestic producers, a “3:1 rule” has been introduced, requiring importers to purchase three parts of local corn for every one part imported. The limited import window is also intended to prevent downward pressure on local corn prices. Thailand consumes about 9 million tons of corn annually, of which 4–5 million tons are imported. The expanded quota aims to ensure sufficient feedstock for the country’s livestock industry, as domestic production alone cannot fully meet demand. In addition to corn, the Cabinet approved soybean meal imports from 11 suppliers for 2026–2028 with a 2% tariff. This measure is designed to support animal feed availability and strengthen domestic market stability. Officials highlighted that these actions balance the need for imported raw materials for the feed industry with protection for local farmers and price stability in the ...