Thailand's soybean meal market has seen a decrease in purchase and exporters face difficulties

Introduction: Dow Jones Bangkok news: according to Thai traders, due to concerns that the EU will ban the import of poultry from Thailand, Thai feed factories are expected to reduce the purchase of soybean meal and soybeans, which are the main ingredients in the production of chicken feed This month, the European Union said banned antibiotic chloramphenicol had been found in poultry and shrimp exports from Thailand and further tests were planned Thailand is the world's second largest chicken exporter to the European Union, earning 35 billion baht (US $807 million) annually A trader said that if the EU banned the import of Thai poultry, chicken factories would be forced to reduce production and demand for raw materials for feed production, but no poultry producer has yet claimed to reduce production Thailand's feed industry relies on imported soybean meal to produce feed, importing 1.3 million tons to 1.4 million tons of soybean meal from South America, the United States and India every year After the discovery of banned antibiotics, all cargo ships already bound for EU countries were recalled According to chicken exporters, Russia's recent ban on poultry imports from the United States has constrained world poultry prices and affected Thai poultry sales A major chicken exporter said the U.S will try its best to sell its products to other markets, and the U.S price is lower than ours This month, Russia banned poultry imports from the United States, mainly because of concerns about the quality of American goods Washington has repeatedly refuted Russia's security concerns, saying there is no problem with chicken Russia is a major buyer of chicken in the United States, importing more than 1 million tons of chicken in 2001 Betagro, a leading feed producer in Thailand, bought 8000 tons of Argentine high protein soybean meal late last week, with CNF price of $188.5 per ton, due in April, according to industry sources The plant is soybean meal purchased from Cargill Argentina high protein soybean meal, April shipment, CNF quoted $191 to $192 per ton, the same as last week The market price of imported soybean meal in Thailand is 8.90 baht per kilogram, equivalent to 205 US dollars per ton The price of local corn is 5 baht per kilogram, equivalent to 115 US dollars per ton Note: 1 US dollar is 43.37 baht (author:) share to feed Weibo share to: