Thailand's corn production exceeds 5 million tons, and domestic raw materials are surplus

According to a report by the World Daily on July 12, Phongthep, chairman of the Thai Farmers' Association, revealed that according to the statistics of the Agricultural Economic Office, the corn output of the 2021/2022 season will exceed 5 million tons, which is higher than last year's 4.
8 million tons
.
The reason is that a large number of farmers have returned to their villages to work after being fired, which has increased the area of ​​corn planted
.
Coupled with the import of 670,000 tons of raw barley from January to May of 2021, and 1.
3 million tons of corn from neighboring countries from February to May, this will have an impact on the corn that Thailand has been on the market since July
.

 

　　In May 2021, the global price of feed corn was as high as 9.
37 baht per kilogram.
The price of corn in Cambodia and Vietnam was also higher than that in Thailand.
However, in fact, the domestic corn price in Thailand is still lower than the 8.
50 baht per kilogram of government guaranteed farmers’ income
.
In 2020, 630,000 tons of corn (DDGS) and 794,000 tons of barley were imported.
In the first five months of 2021, imports reached 672,000 tons, which is 84.
63% of the total imports in 2020
.
The total output of corn in 2020 will be 4.
8 million tons, and 4.
65 million tons of raw materials such as wheat, barley and corn from neighboring countries will be imported, which will add up to 9.
6 million tons
.
It shows that the domestic raw materials are surplus and far exceed the 8.
44 million tons required by the feed factories, making some factories have to suspend procurement
.