Thailand: Grain and Feed Update

  |   Attaché Report (GAIN)   |   TH2021-0076

Post forecasts MY2021/22 rice production to increase to 21 million metric tons despite flooding. Posts expects Thai rice exports to increase to 5.8 million metric tons in 2021. Posts forecasts MY2021/22 corn production to decline 4 percent from MY2020/21, as corn growers shift to more profitable crops due to high production costs for corn. Posts also forecasts wheat import demand in MY2021/22 to decline to 3.1 million metric tons, down 6 percent from MY2020/21 due to the prolonged outbreak of COVID-19.

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