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Monday, April 29, 2024

Animal feed imports to be boosted for 3 months

The Commerce Ministry proposed new measures yesterday to boost imports of animal feed ingredients for a three-month period, a move aimed at shoring up domestic supplies following disruptions caused by Russia’s invasion of Ukraine.

Feed mills have complained for months of a shortage of grains used in animal feed mix, such as wheat and corn, urging the government to ease import controls designed to protect local farmers.

Russia and Ukraine together account for about 29% of global wheat exports and 19% of corn exports, but Moscow’s invasion has tightened supply.

Commerce Minister, Jurin Laksanawisit, told a news conference one measure proposed was to temporarily suspend controls on wheat imports from May to July.

At present, feed mills must source their corn with a ratio of 3-1 in favour of domestic suppliers to earn a quota to import wheat.

Another planned measure…

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