Thai corn production revised up for 2016/17

12.10.2016

Thailand’s corn production in marketing year 2016/17 has been revised up to 5.2 mmt, compared to 4.9 mmt in the previous forecast, according to the USDA's GAIN report. This is an 11% increase from marketing year 2015/16, due to higher than expected acreage expansion from farmers who have switched from cassava and sugarcane corps that were adversely affected by drought.

Meanwhile, corn consumption in marketing year 2016/17 is expected to increase to around 5.5 mmt, up approximately 15% from marketing year 2015/16 due to growing chicken meat exports. The Thai government is also encouraging feed millers to buy domestic corn at USD 0.23/kg, while limiting imports of feed wheat during the peak harvest in order to stabilize the farm-gate price of corn.


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