The Thailand government will lift import quotas for animal feed raw materials for up to three years in an effort to help manufacturers make longer-term business plans, according to reports.
In addition, soybean meal and fishmeal import quotas, which have always been reviewed every year, will now be reviewed every three years. Maize quotas will still be reviewed every year. Producers have claimed that the yearly reviews and delays on quota decisions have resulted in shortages of raw materials and have affected food prices.
Fishmeal imports are duty-free from Asean (the Association of Southeast Asian Nations), the U.S. and Australia under free trade agreements. Imports from Japan will face a 1.67% tariff until March 2012 under the Thailand-Japan free trade agreement, but will be duty-free from April 2012 to December 2014. The normal tariff for fishmeal is 15%.