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Published on March 13, 2008

However, the move may be insufficient, the livestock and aquaculture industries warned yesterday.

Still, if the proposal is approved by the Cabinet, animal-feed producers will pay less for soybean meal, which will also lower the production costs of pig farmers.

By waiving the import duty for one year, the cost of feed for pigs would be reduced 1.15 per cent, or Bt11.16 per 100 kilograms.

Rising prices of pork and other food items due to more expensive raw materials and ingredients have led to increased inflationary pressures as the government attempts to rein in inflation within a range of 3.5-4.5 per cent this year.

To increase efficiency in the animal-feed industry, feed producers proposed the government also allow pork prices to rise in line with market forces.

The Nation