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Thursday, May 2, 2024

Cabinet okays zero-tariff maize deal

A worker in Phitsanulok dries maize for animal feed. PATTARAPONG CHATPATTARASILL

The cabinet on Tuesday approved a Commerce Ministry proposal to import up to 600,000 tonnes of maize with zero tariffs from May to July, aiming to ease a shortage of animal feed ingredients following the disruption caused by Russia’s invasion of Ukraine.

Government spokesman Thanakorn Wangboonkongchana said the imports will be handled by the Public Warehouse Organization (PWO) and general importers.

Previous requirements allowed only the PWO to handle imports of up to 54,700 tonnes of maize a year under the World Trade Organization’s quota system, with 20% import tariffs.

Feed mills have complained for months of a shortage of grains used in animal…

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