Thailand’s corn production to grow by 2% in MY 2024/25

Published 2025년 2월 10일

Tridge summary

Thailand's corn imports have seen a significant increase of 83% in the first five months of MY 2024/25, compared to the previous year, despite an expected rise in the country's own corn production by 2%. This increase is attributed to improved weather conditions, expanded planted areas, and higher average yields. However, the average farmgate price for corn has decreased by 7% due to higher local production and increased duty-free imports from countries like Myanmar. This situation is supported by the Thai government's policy, which allows duty-free import of feed corn from February 1 to August 31, 2025, under the Asean Free Trade Agreement, and mandates the purchase of three tons of domestic corn for every ton of imported feed wheat.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the first five months of MY 2024/25, Thailand’s corn imports increased by 83% year-on-year. According to the USDA, the forecast of corn production in Thailand for MY 2024/25 remains unchanged at 5.4 mln tonnes. This is 2% more than in MY 2023/24, due to the expansion of planted areas and higher average yields. During this period, corn production will improve due to better weather conditions and less drought compared to 2023/24 MY. As of December 2024, the average farmgate price for corn was USD 244 per ton, down 7% from last year. The decline in prices is mainly due to increased local corn production and a sharp increase in duty-free corn imports from neighboring countries, particularly Myanmar. In the first five months of MY 2024/25, Thailand’s corn imports increased by 83% year-on-year, which is 84% higher than the average imports over the last five years. This was primarily due to the recovery in the pork and poultry sectors. Pig production is expected to reach 80% of the ...

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