Thailand: Grain and Feed Update
MY2017/18 cultivation for main-crop rice and corn is occurring much sooner than MY2016/17 cultivation due to favorable rainfall and sufficient reservoir levels. The sale of the government’s foodquality rice stocks has helped maintain Thai rice competitiveness in international markets. However, the sale of the government’s feed-quality rice stocks has created downward pressure on domestic corn prices and has lowered swine feed costs offsetting some of the effects of the government’s import restrictions on feed wheat.
