April 30, 2024

 

Thailand targets global livestock feed market

 
 


Thailand is leading an initiative to position the country as a global leader in the production and export of livestock feed, emphasising quality assurance and safety to meet the demands of the global market, Thaiger reported.

 

Anticipated to generate an economic value of up to THB 300 billion (US$8 billion), this strategic move underscores Thailand's commitment to leveraging the increasing global livestock feed prices.

 

Chai Watcharong, spokesperson for Thailand's Office of the Prime Minister, revealed that Prime Minister Srettha Thavasin has directed the formulation of a strategy to capitalise on the surging global demand for livestock feed. The objective is to significantly enhance Thailand's exports in the livestock feed sector.

 

Executing the prime minister's directive, the Ministry of Higher Education, Science, Research, and Innovation (MHESRI) is ensuring that Thai livestock feed products adhere to international safety and quality standards. The initiative encompasses all facets of the livestock feed industry, encompassing pet food and livestock feed, to establish a comprehensive and integrated sector covering the entire production process.

 

By aligning with global standards, Thailand aims to instil confidence in consumers regarding the quality and safety of its livestock feed products. Projections for 2024 anticipate that the export surge in livestock feed will contribute to a trade value of THB 300 billion (US$8 billion).

 

Chai highlighted that the Department of Science Service (DSS) under MHESRI is enhancing the capabilities of relevant industrial sectors by focusing on manufacturing processes, quality assurance, and quality control. Additionally, the department is developing laboratories and establishing a nationwide network to pursue international accreditation as a producer of reference materials for livestock feed.

 

Domestic production of these reference materials is expected to reduce costs, minimize import expenditures, and fulfil the requirements of the production sector, as reported by KhaoSod.

 

This strategic approach is poised to bolster Thailand's livestock feed and service industries, meeting the evolving demands of the global market, and enhancing economic value through quality exports, said Chai.

 

-      Thaiger

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