Global: Summary of agricultural product conditions for the week 1 - 5 April 2024

Published 2024년 4월 7일

Tridge summary

The article provides an insightful overview of the current agricultural market trends, highlighting the slight increase in corn prices and a decrease in soybean meal prices due to lower export sales and higher South American harvests. Fishmeal prices have seen a rise due to increased demand and stock, despite stable import prices in China. Rice prices have dipped in both foreign and domestic markets. Pig prices are stable with a minor increase, while broiler, meat chicks, egg-laying chicks, and chicken egg prices remain steady. A notable development is the coalition of four egg-laying chicken raising cooperatives setting the recommended price for mixed chicken eggs at 3.40 baht each to stabilize the market, indicating an expectation for stable chicken egg prices in the near future.

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

Original content

See a summary of past agricultural product conditions<< Corn: Price increases Corn for animal feed at the animal feed factory silo Price increased from 612 baht per tray to 615 baht per tray. On the Chicago Commodity Futures Market, April 5, 2024, Xinhua News Agency reported that animal feed corn contract May 2024 delivery rose 3.50 cents, or +0.81%, to close at $4.3525/bushel. Corn futures closed positive on speculative buying. Weekly exports fell to the lowest level in nearly three months, but remained in line with traders' expectations. A weaker dollar also supported corn futures. Trend: Domestic corn prices are expected to be stable. Soybean meal: price decreased Soybean meal from imported soybean seeds The price dropped from 20.70 baht per kilogram to 20.20 baht per kilogram. Argentina has started harvesting about 3% of its soybean production, but it is slower than the 5-year average. In Brazil, The harvest is still quite good. Meanwhile, the trading volume in the market is ...

Source: Pasusart