Thai PBS Thai PBS
Commerce minister defends US GMO maize deal amid farmers’ concerns

Commerce minister defends US GMO maize deal amid farmers’ concerns

15 Sept 21:06 Key points summarised by AI
  • Commerce Minister Suphajee Suthumpun reassures local farmers that a deal allowing US GMO maize imports will not harm domestic prices or incomes.
  • The minister clarifies that Thailand will import US maize only when domestic animal feed supplies are insufficient, countering fears of market saturation.
  • Thailand faces a substantial shortfall in animal feed, producing 5 million tons against a demand of 9 million tons, necessitating imports to bridge the gap.
  • Imports from neighboring countries have declined due to stricter haze-control measures, further intensifying the domestic supply shortage.
  • Safeguards are established to protect local producers, limiting maize imports to no more than one-third of the domestic supply.
Read full article
Economy 1/1
Skip > Skip >