Thailand: Summary of agricultural product conditions for the week of 8 - 12 July 2024

Published 2024년 7월 13일

Tridge summary

The article reports on the decrease in prices for various agricultural products in the domestic and international markets. It highlights a decrease in the price of corn and soybean meal for animal feed, with some increase in contracts for future delivery on the Chicago Commodity Futures Market. Soybean production in the US is expected to be better than the average, but weather conditions could slightly impact production. Fish meal prices have decreased due to the arrival of the new season from Peru. Rice prices have also decreased in the foreign trading market and the domestic market. Pig prices are expected to be stable, as stated by the National Pig Farmers Association. Broiler chicken prices are also stable, as announced by the Livestock Promotion and Development Division, and chicken egg prices are stable as well.

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 decreased Corn for animal feed at the animal feed factory silo Price decreased from 765 baht per tray to 759 baht per tray. On the Chicago Commodity Futures Market, July 11, 2024, the animal feed corn contract July 2024 delivery rose 3.50 cents, or +0.87%, to close at $4.0675/bushel. Animal feed corn contracts rose, with traders stating that Some investors may have jumped at the opportunity to buy grain after prices fell to record lows on Wednesday. Trend: Domestic corn prices are expected to be stable. Soybean meal: price decreased Soybean meal from imported soybean seeds The price dropped from 20.09 baht per kilogram to 20.07 baht per kilogram. New season US soybean production is still at a level better than the 5-year average, with 100% of the actual planting completed. The weather is forecast to be dry during August. This may have a slight impact on production. Meanwhile, the purchasing volume in the market ...

Source: Pasusart