Thailand’s domestic corn prices decline

10.07.2017

Farm-gate prices of corn in Thailand remain at USD 192 per tonne, far below the government's target of USD 237/tonne, according to the USDA GAIN report. This is due to the sale of government feed-quality rice stocks which can be used as a substitute for domestic corn and imported feed wheat in poultry and swine feed rations. Currently, government rice stocks are cheaper than domestic corn and imported feed wheat.

The government is expected to maintain the domestic corn purchase requirements for import permits of feed wheat in order to raise domestic corn prices. Despite the lower price, the government said it will continue to encourage farmers to shift from off-season rice production to corn production in marketing year 2017/18.


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