Thailand: Summary of agricultural product conditions for the week 25 - 29 March 2024

Published 2024년 3월 30일

Tridge summary

As of late March 2024, the agricultural market is experiencing varied trends in product prices. Corn and soybean meal prices have seen a decrease, attributed to an increase in produce and anticipated harvests, respectively. Conversely, the prices for fishmeal, pigs, broilers, and chicken eggs have remained stable, indicating a steady demand and supply balance. Rice prices have also dipped in both foreign and domestic markets. Overall, the agricultural sector is expected to maintain a stable trend in the pricing of most products in the near future, reflecting a balanced market dynamic.

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 The price decreased from 621 baht per basket to 612 baht per basket due to more produce entering the market. On the Chicago Commodity Futures Market, March 28, 2024, Xinhua News Agency reported that animal feed corn contract May 2024 delivery rose 15.25 cents, or +3.57%, to close at $4.42/bushel. Corn futures rose to their highest level in nearly 8 weeks on Thursday. After the United States Department of Agriculture (USDA) reported grain stocks and plantings were lower than traders' estimates. Trend: Domestic corn prices are expected to be stable. Soybean meal: price decreased Soybean meal from imported soybean seeds The price decreased from 21.00 baht per kilogram to 20.70 baht per kilogram. The harvest in Brazil continues to be good. Dry weather factors promote good quality of produce. While the actual harvest was still ahead of the 5-year average, ...

Source: Pasusart