AreaThailand

Commodity GroupMilk and dairy products

CommodityDairy products

Date16/01/2024

Policy CategoryProduction

Policy InstrumentGovernment intervention

DescriptionApproved the increase in prices of milk and milk products, following the increase in the farmgate prices for raw milk from 20.50 THB per kg to 22.75 THB per kg (from 0.59 USD per kg to 0.65 USD per kg) by the country’s Milk Board. The statement indicated that companies seeking price adjustment must provide evidence of purchasing raw cow’s milk at prices not below the new farmgate price.