Rice reserve used to stabilize feed supply in Taiwan
Taiwan's Council of Agriculture (COA) plans to allocate 65,000 tonnes of its old rice reserves to be used as raw material for livestock feed to stabilize the feed supply in the country, council officials said.
The old-crop rice will be sold to owners of pig, duck, goose and other livestock farms at 10% below the cost of imported maize, the council said.
COA said that the average price of imported American maize rose 27% to NT$9.92 (US$0.33) per kg in early February this year from NT$7.79 (US$0.26) per kg last June.
Sale of the rice buffer stock will begin in March at a price of NT$8.74 (US$0.39) per kg, in keeping with a decision made at a Cabinet-level meeting to discuss price stabilization in Taiwan.
It was also decided that the COA will continue to monitor supply and trade conditions in the farming, fishing and livestock sectors, the Government Information Office (GIO) said.
Furthermore, in response to fluctuations in the prices of domestic fertilizers and feed in reflection of raw material prices, the COA said it will keep a close watch on movements in the international market.
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