Rice reserve used to stabilise feed supply in Taiwan

Taiwan's Council of Agriculture (COA) plans to allocate 65,000 tonnes of its old rice reserves to be used as raw material for livestock feed to stabilise the feed supply in the country, council officials said Wednesday. The old-crop rice will be sold to owners of pig, duck, goose and other livestock farms at 10 percent below the cost of imported maize, the council said.

According to the COA, the average price of imported American maize at Kaohsiung harbour rose 27 percent to NT$9.92 (US$0.33) per kilogram in early February this year from NT$7.79 per kilo (US$0.265) last June. Sale of the rice buffer stock will begin in March at a price of NT$8.74 per kilo (US$0.297), in keeping with a decision made at a Cabinet-level meeting held Wednesday to discuss price stabilisation in Taiwan. Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.