Thai feed factory looking for Brazilian soybean meal

Lead: Bangkok, May 28 (Reuters) - Thailand's feed processing plant bought Brazilian soybean meal for June delivery on Tuesday because there was no Argentine soybean meal or soybean sales, industry sources said on Tuesday According to officials at a large local feed processing plant, the plant is in talks with several trading companies to purchase Brazilian soybean meal for June shipment Cargill's CNF offer for Brazil's high protein soybean meal is US $206 per ton, with a creation period from June 15 to July 15 Bangui's offer is $207 per ton, due in June One trader said the feed mills were haggling to buy Brazilian soybean meal for $5 less than the offer On Tuesday, no offers were made for Argentine soybean meal and soybeans, as farmers in Argentina went on strike to protest against the government's agricultural policies, which they believed were damaging agriculture The farmers' strike brought Argentina's exports to a standstill Farm deliveries in Argentina's food and livestock markets fell on Monday, with live cattle the most affected as farmers and truck drivers went on strike It was also the second strike by farmers in less than a month According to industry sources, Thailand feed user Promotion Association has finalized a deal with trade bank Cremer Asia Trading Company to purchase 15000 tons of Argentine low protein soybean meal The group bought the soybean meal on Thursday, with CNF price of $189.25 per ton and shipping date in June Cremer Asia has closed its position long before selling the meal, so it is trying to sell it Thailand feed user promotion association consists of local grain importers, feed processing plants and poultry exporters in Thailand The purchased soybean meal will be used by its member companies, such as S Thai, sks, siriphol and Siam agro As a major chicken exporter in Asia, Thailand needs to import 1.3-1.4 million tons of soybean meal every year It is also rumoured that Charoen Pokphand (CP), Thailand's largest feed processing plant, may have bought 17000 tons of corn from China But CP did not comment on the rumors Thailand has not imported corn in recent years, because the domestic corn production is abundant, so 78% import tariff is imposed on corn import to protect local farmers But chicken exporters can avoid paying the tariff The price of local corn is 5.15-5.20 baht per kilogram, compared with 5.10 baht last week Local traders offer 10-10.10 THB per kilogram of soybean meal (author:) share to feed Weibo share to: