Rain supports Thai rice for better yields

Published 2024년 12월 9일

Tridge summary

Thailand's rice production is expected to reach 20 million tonnes in 2024-25, a increase from 19.7 million tonnes in 2023-24, according to the US Department of Agriculture's Foreign Agricultural Service. The country is also experiencing increased precipitation, which is contributing to the higher yields. However, rice exports are projected to decrease by 18% in 2024-25 due to anticipated competition from India and Vietnam. In addition, Thailand's swine and poultry production has recovered, leading to increased demand for feed corn. Corn imports have sur surged by 83% in the first three months of 2024-25 compared to the previous year.

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

Original content

Improved yields and greater precipitation are adding up to a forecast of 20 million tonnes of milled rice production in 2024-25 for Thailand, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. If realized, production would be up from 19.7 million tonnes in 2023-24, the FAS said in its Dec. 3 Global Agricultural and Information Network (GAIN) report. Thailand, the world’s second largest exporter of rice after India, is seen shipping 9.2 million tonnes in 2023-24, up 5% from 2022-23. “Thailand’s rice exports in the first nine months of 2024 (7.45 million tonnes, up 22%) have spiked from 2023 levels as India maintained its export ban on white rice and export tariff on parboiled rice,” the FAS said. The FAS said exporters are anticipating greater competition from India and Vietnam in 2024-25, and exports are projected to fall 18% to 7.5 million tonnes. White and parboiled rice from India are expected to have the greatest impact on ...

Source: UkrAgroConsult