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FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24.
FAS Bangkok forecasts Thailand’s rice and corn production to marginally increase in MY 2024/25 along with expanded acreage in response to current attractive farm-gate prices. In 2025, Thailand will likely export 7.5 million metric tons of rice or well above its 5-year average.
MY2023/24 rice and corn production forecasts remain unchanged. MY2023/24 wheat imports are revised up to 3.0 MMT.
Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...
Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.
Post forecasts that MY2023/24 rice production will reach a five-year record of 20.4 million metric tons due to abundant water supplies and attractive farm-gate prices.
FAS Bangkok revised its forecasts for MY2022/23 rice production higher to 20.2 million metric tons due to abundant water supplies and attractive farm-gate prices for off-season rice production. Thai rice exports in 2022 were higher than expected at 7...
The forecasts for MY2022/23 rice and corn production remain unchanged from the previous forecasts, as well as corn and wheat import demand.
FAS/Bangkok (Post) revised down MY2022/23 rice production slightly to 19.9 MMT due to flood damage on main-crop rice production. MY2022/23 corn production and imports, as well as wheat imports, remain unchanged from the previous forecast.
Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.
Post forecasts marketing year (MY)2022/23 rice and corn production 2 percent higher than MY2021/22 figures, benefiting from sufficient water supplies and attractive farm-gate prices.
Post forecasts a 31-percent increase in Thai rice exports and a 17-percent decline in corn imports.