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Thailand's Department of Foreign Trade is reviewing Ministry of Commerce Notification No. 72, a decades-old ban on importing fishmeal with protein below 60 percent. Cancelling it would allow free import of low-grade fishmeal.
Domestic fishermen and the Thai Fish Meal Producers Association oppose the move.
Cheaper imported low-grade fishmeal could pressure domestic fishmeal prices lower and affect feed ingredient costs in Southeast Asia. Low-grade domestic meal prices had already risen as canned fish output fell during COVID-19.
tridge.comVictor LangatMar 21, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
