Thai feed producers to buy 300,000 tonnes of corn surplus in November

08.11.2016

Thailand’s Ministry of Commerce recently held a meeting with feed producers and related parties and concluded that feed producers will buy around 300,000 tonnes of corn surplus in November, solving corn supply problems. The current corn harvest season has seen larger than expected supply of corn in the market. Corn output is expected to be 800,000 tonnes in November, while corn output was 1.3 million tonnes in October and 1 million tonnes in September.

Meanwhile, the feed industry needs 500,000 tonnes of corn each month. Bangkok Produce under Charoen Pokphand Group will buy 150,000 tonnes in November, while Betagro will buy 40,000 tonnes, Cargill 20,000 tonnes, and Centaco 15,000-20,000 tonnes. During the post-harvest season, corn output is expected to decrease to 100,000 tonnes in January 2017.

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