Feed companies in Thailand will soon be finally allowed to hike prices to offset rising production costs. Shrimp and pig feed are the first feeds that will be sold against a higher price.
The government froze animal-feed
prices in 2004, and has not approved price increases since then out of fear that
they would cause a chain effect on related industries.
Now, the Commerce
Ministry will allow retail prices to go up soon, Internal Trade Department
director-general Yangyong Phuangrach said last week. The new prices would be
gradually implemented to give both consumers and farmers more time to adjust.
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