Thailand: Covid is pushing up the trend of agricultural commodity prices in August

Published 2021년 8월 2일

Tridge summary

The BAAC Research and Innovation Center has forecasted an increase in the prices of key agricultural products in August 2021, including moisture content of paddy, long-grain glutinous rice, cassava, raw sugar, and oil palm, due to various positive factors and demand dynamics. Conversely, jasmine rice, maize, raw rubber sheets, swine, white vannamei shrimp, and beef cattle are expected to see a decrease in prices, attributed to the depreciation of the Thai baht, production increases, and the COVID-19 pandemic's impact on demand and quality concerns for Thai shrimp exports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Mr. Somkiat Kimawaha, deputy manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC) revealed that the BAAC Research and Innovation Center forecasts agricultural prices in August 2021. increased, namely the moisture content of paddy Price is at 8,419-8,465 baht/ton, an increase of 0.30 - 0.84% from the previous month due to positive factors from state-to-state rice sales negotiations in 3 countries, namely China, Bangladesh and Indonesia, long-grain glutinous rice, priced at 10,335. -10,537 Baht/ton increased from the previous month by 0.30-2.26% due to operators' stocks starting to decline. Therefore, it is expected that there will be an increase in demand. Cassava priced at 1.98 - 2.02 baht/kg, increased by 0.51 - 2.54% from the previous month due to factors supporting the depreciation of the baht exchange rate. As a result, the competitiveness of Thailand has increased. In addition, China still has continuous demand. The area in the country suffered the worst ...

Source: RYT9