Thailand to see higher corn exports

06.06.2017

The USDA’s forecast for Thai corn exports in marketing year 2016/17 is revised up to 0.7 million tonnes, compared to 0.5 million tonnes in the previous forecast. This is due to higher-than-expected exports of corn during the first 10 months of MY2016/17. At 0.6 million tonnes, corn exports for the first 10 months of MY2016/17 are three times the exports for the first 10 months of MY2015/16.

Destined mostly for the Philippines and Vietnam, larger exportable supplies of corn reflect the substitution of imported feed wheat and feed-quality rice stocks for corn in swine feed ration. Additionally, Thai feedmills are likely to hold minimal carry-over stocks of corn as they expect periodic harvesting of MY2017/18 corn production to begin in July 2017.


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