Ministry allows increase in feed-meal prices
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The Commerce Ministry is allowing feed-meal producers to increase the price of their products by Bt10 per 30-kilogram bag, resulting in higher costs for livestock farmers.
Wiboonlasana Ruamraksa, director-general for the Internal Trade Department, said the department had to allow an increase in the price of feed-meal because raw materials were becoming expensive.
So far, the price of feed-meal for aquaculture, chicken and cows has been increased. Wiboonlasana said the department would not allow any food retailers to increase their prices because the cost of feed-meal accounts for a very small percentage of their production costs.
So far, no livestock producers have asked the department for permission to increase their prices.
In addition, the department is conducting a cost-structure survey on dairy products to protect consumers.
Primarily, producers may be urged to cut down their marketing costs before being allowed to increase their retail prices.
