Thailand: The price of jasmine rice, sugar, shrimp, pork, may expects higher market demand

Published 2021년 4월 30일

Tridge summary

The BAAC Research and Innovation Center has forecasted an increase in the prices of several agricultural products in May 2021, including Hom Mali rice, long-grain sticky rice, maize, and raw sugar, due to various factors such as export prices, production releases, and concerns over global sugar production. On the other hand, the prices of 15% moisture-rich paddy, third grade raw rubber sheets, and cassava are expected to decrease due to factors like increased rice yield, sale of old rubber stock, and closure of cassava yards. The prices of white shrimp and pig are also expected to increase due to less production and easing of import restrictions, respectively. Beef cattle prices may also increase due to continued demand, but the yield may decrease due to epidemic diseases in cattle and buffaloes.

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

Original content

Mr. Somkiat Kimawha, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that BAAC Research and Innovation Center predicts agricultural product prices in May 2021 with agricultural products with price trends. The higher prices were: Hom Mali rice, the price was 12,037 - 12,100 baht / ton, an increase of 1.53 - 2.06% from the previous month, as the export price of Thai jasmine rice was similar to that of competing countries, such as the price of Hom Mali rice from Cambodia. As a result, trading partners tend to import more jasmine rice. Long-grain sticky rice was priced at 11,006 - 11,142 baht / ton, an increase of 1.73 - 2.99% from the previous month due to the time when the production of sweet rice was released to the market. And the stock of glutinous rice entrepreneurs began to decline. Maize maize, moisture not more than 14.5%, the price is 8.12 - 8.36 baht / kg, an increase of 2.50 - 5.50% from the previous month due to the 1st generation ...

Source: RYT9