The cabinet has greenlit policies for next year’s import of raw materials required in animal feed production, such as animal feed corn, soybean meal, and fish meal. The intention behind this move is to back local production.
A significant change in this year’s policy is the annual approval of import permits, a reduction from the previous term of three years. This alteration aims to ensure fair price acquisition of farm products nationwide.
The existing import permits, granted for 2024-2026, are set to lapse this December. The cabinet’s decision to continue in place the previous import policies and measures is aimed at managing raw material quantities sufficient to fulfill domestic demand, while also providing adequate protection for farmers and other stakeholders in the agricultural system, as per government spokesperson, Chai…
