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Finance Ministry favours cutting tax on animal feed

An old woman considers whether or not to buy pork at Yaowarat fresh market now the price has zoomed up to around 230 a kilo. (Photo by Apichart Jinakul)

The Finance Ministry is in favour of lowering the tax on animal feed to help rein in soaring food prices, Deputy Prime Minister Supattanapong Punmeechaow said on Friday.

He was speaking after a meeting with senior officials of the Finance Ministry, the Energy Ministry, the Bank of Thailand and the Office of the Economic and Social Development Council.

He was briefed on the inflation situation and told it was still within the framework 1-3%.  

Mr Supattanapong said, however, some categories of goods may be adjusted and measures were needed to control prices. 

He said there was fluctuation of prices in some categories of goods. Product prices were rising…

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