February 9, 2024
CP Foods praises Thai government for allowing soybean meal imports
The head of feed business at Charoen Pokphand Foods Public Company Limited (CP Foods), Rewat Hathaisattayapong, recently extended his appreciation to the government of Thailand and all stakeholders for their strategic approach in addressing the challenges faced by Thailand's feed industry by permitting the import of soybean meal in a timely manner and upholding a 2% import tax.
This pivotal decision supports the ongoing development and sustainability of Thailand's livestock sector, making a substantial contribution to the country's economy, according to CP Foods.
In a move to lessen financial burdens, the company has implemented a discount initiative on several animal feed products, providing a substantial relief of ฿30 per bag to farmers in the latter half of 2023.
Building on that effort, CP Foods has introduced a further discount of ฿3-4 (US$0.08-0.11) per bag in 2024, exclusively for broiler chicken farmers.
- CPF
