Tridge summary
Thailand's rice exports are showing signs of recovery due to a strong supply and competitive pricing, with a 14% increase from the previous year, reaching 8.8 million tonnes. However, a potential increase in raw material from Cambodia and Vietnam may cause exports to drop to 8 million tonnes in 2023-24. Additionally, production is predicted to decrease by 5% in the same period due to dry spells and flood damage. Wheat imports for 2023-24 have been revised upwards to 3 million tonnes, but are still 5% below the forecast for 2022-23, as rising demand for feed wheat imports will not offset a slow recovery in bread wheat demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Rice exports from Thailand are recovering thanks to strong supply and competitive prices, according to a report by the US Department of Agriculture's Foreign Agricultural Service (FAS). Exports reached 8.8 million tonnes, a 14% increase from the previous year. However, exports in 2023-24 are expected to fall to 8 million tonnes as there is more raw material in Cambodia and Vietnam. Production in 2023-24 is estimated at 19.9 million tonnes, down 5% from 2022-23 due to a combination of dry spells and flood damage. Wheat imports for 2023-24 were revised upwards to 3 million tonnes, but are still 5% below the forecast for 2022-23. Rising demand for feed wheat imports will not offset a slow recovery in bread wheat demand , FAS said. Feed mills switched to feed wheat for poultry and hogs in ...
Source: Agri
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