Thailand's corn imports to rise by 5.2%

Published Apr 8, 2024

Tridge summary

Thailand is expected to see a 5.2% increase in corn imports for feed, reaching 1.4 million tonnes in 2024, mainly from Myanmar, Cambodia, and Laos, according to the Kasikorn Research Centre. This boost in imports is in response to the growing demand for feed due to the expansion of pig and broiler production in the country. The preference for corn from these neighboring countries is due to the benefits of no import tariffs and lower transportation costs. In the early months of 2024, Thailand's corn imports have already seen a significant rise of 31.73% year-on-year, totaling 240,000 tons, with Myanmar accounting for 40.5% of the imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Imports are intended to meet the growing demand for feed due to increased production of pigs and broilers. Thailand's corn imports for feed will rise 5.2% year-on-year to 1.4 million tonnes in 2024, with almost all imports coming from Myanmar, Cambodia and Laos, according to the Kasikorn Research Centre. Imports are intended to meet the demand for feed due to the growth in pig and broiler production. Corn from neighboring countries is also cheaper due to exemption from import tariffs and lower ...
Source: Zol

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