Thai Ministry of Commerce Announces Support Measures for Corn Prices
The Ministry of Commerce has introduced a 120.3 million baht support package to stabilize animal feed corn prices as market rates show signs of improvement.
According to a report by Prachachat Business, the Thai Ministry of Commerce has observed a positive trend in animal feed corn prices. Recent data indicates that corn with 14.5% moisture content is being purchased by feed mills in Bangkok and surrounding areas at prices ranging from 10.00 to 10.60 baht per kilogram, an increase from the 9.80 to 10.00 baht range recorded last month.
To maintain this momentum and support farmers during the peak harvest season, the Ministry has prepared four specific measures with a total budget of 120.30 million baht. These initiatives are designed to manage the purchase of approximately 400,000 tons of produce. Key strategies include strict oversight of purchasing practices and the temporary slowing of corn imports to prevent market saturation while domestic supply is high.
For residents and those involved in the agricultural sector, these measures aim to ensure price stability and support the livelihoods of local farmers. While the current price trend is encouraging, the long-term effectiveness of these interventions remains to be confirmed as the harvest progresses. The Ministry continues to monitor market conditions closely to ensure that the support measures are implemented effectively throughout the peak production period.
