Global: Weekly agricultural product summary, 2 - 6 of December 2024

Published 2024년 12월 8일

Tridge summary

The article reports fluctuations in the Thai agricultural market, with a decrease in animal feed corn and soybean meal prices due to high global grain supply and expected high yield in Brazil. Despite these fluctuations, domestic corn and soybean meal prices are expected to remain stable. Fishmeal prices are steady, influenced by a decline in Peru's fish catch and a slight rise in China's purchase price. Rice prices have increased in both the domestic and foreign markets. Pig and broiler chicken prices are expected to remain stable, while mixed chicken egg prices are steady at 3.60 baht per egg.

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

Original content

View summary of agricultural products in the past << Corn: Prices increase Animal feed corn at animal feed factory silos, prices increase from 588 baht per basket to 606 baht per basket On the Chicago Futures Exchange, December 3, 2024, the animal feed corn contract for December 2024 delivery fell 1.25 cents, or -0.29%, to close at $4.2325/bushel. Reuters reported that corn prices fluctuated up and down before closing below the day's high due to pressure from the high global grain supply. The grain market began to be affected by the sluggish agricultural sector after Cargill announced a plan to lay off 5% of its employees amid shrinking revenue and Tyson announced the closure of another meat processing plant. Trend: Domestic corn prices are expected to remain stable. Soybean meal: Prices decrease Soybean meal from imported soybeans Price 17.90 baht per kilogram, down from 18.20 baht per kilogram. Brazil has planted almost 85% of soybeans, and it is expected that the yield will be ...

Source: Pasusart