BAAC Research Center forecasts that 'livestock prices' in November will mostly increase in Thailand

Published 2021년 11월 6일

Tridge summary

The Research and Development Center of the Bank for Agriculture and Agricultural Cooperatives (BAAC) has forecasted an increase in the prices of several agricultural products for November 2021 due to various factors. The price of jasmine paddy is expected to rise by 5.02-7.32% due to floods in northeast Thailand, and cassava prices are expected to increase by 4.85-7.25% due to the beginning of the cassava production season. However, the prices of paddy rice and long-grain glutinous paddy are expected to decrease by 0.82-2.81% and 1.09-2.81%, respectively, due to increased production and availability in the market. Additionally, the prices of maize, raw rubber sheets, and raw sugar are also expected to decrease due to increased production and reduced demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Somkiat Kimawaha, Deputy Manager, Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that the Research and Development Center for innovation. The BAAC forecasts agricultural prices in November 2021, with agricultural products that have a tendency to increase prices, such as jasmine paddy, priced at 10,237 – 10,462 baht/ton, an increase of 5.02 – 7.32 percent from the previous month due to Flood problems in important jasmine rice production areas in the Northeast As a result, the output to the market declined. However, there was still pressure from the problem of jasmine rice shipments and high freight costs for exports to the United States. Cassava priced at 2.17 – 2.22 baht/kg, an increase of 4.85% – 7.25 percent from the previous month due to the beginning of the cassava production season of 2064/22, resulting in not a lot of output to the market. while demand for cassava to produce cassava chips for export increased. Especially China, which has a demand for ...
Source: Pasusart

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