News

Thailand boosts grain exports with attractive prices

Rice
Published Feb 22, 2024

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 a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

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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