News 193 views last update:6 Aug 2012

CPF invests in huge grain terminal project

With animal feed prices rising sharply, Charoen Pokphand Foods Plc (CPF) is developing its animal-feed operation in Nakorn Ratchasima as a grain terminal with a storage capacity of 200,000 tons, in order to benefit from the plentiful maize production in the northeastern provinces.

The grain terminal project, the company's biggest integrated feed operation with a capacity to produce 1.2 million tons of poultry feed a year, is part of CPF's integrated farm to food processing chicken operation production complex, says Virote Kumpeera, CPF senior vice-president, adding that the silo and grain elevators constructed with slipform technology will also be used to build more CPF animal-feed plants in both Malaysia and Vietnam.

If there is a "problem", he says, it has to do with "rising maize prices" – up from 9-10 baht per kilo last month (June), to currently 11 baht, but still ahead of the US market's export price of 14 baht, sold to Asian countries. 

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