Thailand: Oilseeds and Products Annual

  |   Attaché Report (GAIN)   |   TH2024-0022
MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery. Meanwhile, the palm oil supply, including for exports, is expected to be tight in MY 2023/24 and MY 2024/25 due to a strong demand for biodiesel production following Thailand's adoption of a higher biodiesel blend rate.

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