Thailand to increase sale of feed grade rice stock

28.03.2017

Thailand is likely to see historical levels of rice production in the current marketing year of 2017/2018. According to the US’ Global Agriculture Information Network (Gain) report, the country is expecting 19.5 million tonnes of the commodity, a 5% increase from the previous marketing year.

As such the government will increase its sale of non-food quality government rice stocks to increase the use of broken rice by feed producers this year and next year. Corn production, meanwhile, is forecasted to decline 4.9 million tonnes, down 6% from MY2016/17. The country is expecting corn exports to decrease significantly due to strong domestic demand after the government introduced new wheat import regulations last November.


asian-agribiz

Readers choice: TOP-5 articles of the month by UkrAgroConsult