Bangkok: The Cabinet has approved a series of measures aimed at addressing the issue of declining beef prices, focusing on reducing animal feed costs, banning imports, and negotiating exports to bolster the agricultural sector's income.
According to Thai News Agency, Mr. Ekkapab Polsue, spokesman for the Ministry of Agriculture and Cooperatives, reported that Mrs. Narumon Pinyosinwat, Minister of Agriculture and Cooperatives, informed that the Cabinet meeting on April 22, 2015, resolved to approve guidelines to tackle the low beef prices affecting over 1.43 million beef farmers nationwide. Key measures include supporting farmers in reducing animal feed expenses by identifying cost-effective sources of feed crops, banning beef imports from Myanmar to balance the market, and preventing illegal beef imports. The initiative aims to stabilize prices and enhance the Thai beef industry's security, safeguarding farmers' interests against unfair competition from foreign entities.
Mr. Ekkapab highlighted that resolving the low cattle price issue is crucial for addressing debt problems in the agricultural, business, and public sectors. The measures are intended to generate income for the agricultural sector and meet the needs of more than 1.43 million beef cattle farmers. Additionally, the initiative aims to boost income at the community and national level through the sale of over 9.89 million live beef cattle.