Thailand: Rice Price - Weekly

MY 2023/24 corn production is anticipated to increase roughly 3 percent to 6.1 million metric tons (MT) as more farmers switch to corn production in response to high prices. Post anticipates production will remain below historical levels due to high fertilizer prices and fall army worm outbreaks.

FAS/Nairobi forecasts an increase in corn and wheat production in marketing year (MY) 2023/24, to 3.18 million metric tons (MT) and 310,000 MT respectively due to increases in harvested area as farmers respond to high crop prices by planting more wheat and corn.

FAS/Tokyo projects reduced corn imports and feed consumption in MY2022/23 due to large outbreaks of Highly Pathogenic Avian Influenza as well as increased competition from domestic feed rice, followed by a recovery of corn consumption in MY2023/24.