Thailand: Corn farmers career at risk of extinction in the next 2 years

Published 2021년 2월 14일

Tridge summary

Thai maize farmers are facing a crisis as imported products and a decrease in global maize prices have led to a surge in imports, particularly from neighboring countries. The situation is worsened by China's decision to allow the cultivation of genetically modified worms (GMO) varieties of corn, which may make it a major corn exporter in the future. This could potentially lead to the reduction of cassava imports from Thailand, as China begins to use corn for ethanol production. The article highlights the urgent need for Thai farmers to increase yield per rai and reduce costs to compete, with around 4.06 thousand households potentially facing the loss of their career in maize farming.

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

Original content

The challenge of Thai maize farmers is counting down two years from now, it is worth noting that the end of their career as a soybean farmer or not, because today the farmers' corn has faced many storms. Since many substitutes imported products have hit the market, such as corn, wheat, barley, data from the 2020-2024 maize strategy subcommittee chaired by the Department of Agriculture. Revealed the world production of maize in the past five years (2016/17 - 2020/64) is likely to increase from 1,127.66 million tonnes in 2016/17 to 1,163.21 million tonnes in 2020/64 or increase. 0.94 percent per year (as of July 2020), with the top five producing countries being the United States (32.95 percent), China (23.20 percent), Brazil (8.73 percent), the EU (5.77 percent), and Argentina. The top five exporting countries were the United States (32.77 percent), Brazil (18.98 percent), Argentina (18.42 percent), Ukraine (16.32 percent) and Russia (2.72 percent). The top five importers are the ...

Source: Ththansettakij