The government monitors the price of animal feed corn.

House of Representatives, Cabinet issues measures to support the price of animal feed corn in 2023/24, with a budget of 65 million baht, a target of 2 hundred thousand tons.

Ms. Kanika Aunjit, Deputy Spokesperson for the Prime Minister's Office, revealed that at the Cabinet meeting Approved as proposed by the Ministry of Commerce To assist with the liquidity of farmers' institutions and entrepreneurs purchasing animal feed corn from farmers. Do not rush to release the production. In order to maintain stability in the price of animal feed corn during the period when there is a lot of produce in the market. causing the price of animal feed corn Sales are at an appropriate level. By approving measures to stabilize the price of animal feed corn in 2023/24, 2 projects, with a budget of 65.17 million baht, by compensating for interest on keeping stocks of animal feed corn, production year 2023/24, with a budget of 26.67 million baht from the mid-year budget.

Interest support for animal feed corn traders and/or use raw materials for producing animal feed that are borrowed from commercial banks/state banks. To increase liquidity to be able to buy animal feed corn from farmers without rushing to release the production. and keep the stock in seed form for a period of 60-120 days in order to pull excess produce from the market during periods of high production without interfering with market mechanisms. The target is 200,000 tons, with interest compensation to project participants in the percentage. 4 per year according to stock keeping period and has a purchase period of November 2023 - January 2024, a stock-keeping period of November 2023 - May 2024, a project period from the Cabinet's approval (7 Nov. 2023) - June 2025.

In addition, the BAAC will issue loans to collect animal feed corn and create additional value through the Farmers Institute in 2023/24, with a limit of 38.5 million baht for farmers who are registered farmers who grow animal feed corn. Production year 2023/24 with the Department of Agricultural Extension. The target loan amount is 1,000 million baht. Production is approximately 100,000 tons. Interest is charged at 4.85 percent per year. Farmers' institutions bear the burden of 1 percent per year. The government supports interest to the BAAC at 3.85 percent per year for a period not exceeding. 12 months, loan payments 1 October 2023 – 31 May 2024, project period 1 October 2023 – 30 June 2025.

Source: Thai News Agency