Thai Rice Export Demand Higher Than Expected04 September 2014
THAILAND - Estimated Thai rice exports are revised up to 9.5 million metric tons in 2014 as export demand has been higher than expected reportedly due to competitive prices and tight supplies of Vietnamese rice.
Meanwhile, MY2013/14 wheat imports were lower than expected due to the reduction in feed wheat demand as shrimp farming still has not recovered from the outbreak of Early Mortality Syndrome (EMS).
Post’s MY2014/15 rice and corn production forecast remains unchanged, at two to three per cent lower than last year, as precipitation is still below average in major growing areas.
The government has warned farmers of possible water shortages in non-irrigated areas.
You can view the USDA GAIN: Thailand Grain and Feed Update August 2014 report by clicking here.
TheCropSite News Desk