Thailand: Grain and Feed Update

FAS/Bangkok (Post) revised MY2021/22 rice production down slightly to 20.8 million metric tons due to flood damage in the northeastern regions. Post expects Thai rice exports to increase to 5.8 million metric tons in 2021. Post forecasts MY2021/22 corn production to decline 4 percent from MY2020/21, as corn growers shift to more profitable crops due to high production costs for corn. Post forecasts wheat imports in MY2021/22 to decline to 3.1 million metric tons, down 6 percent from MY2020/21 due to the prolonged outbreak of COVID-19 and a slow economy recovery.