BANGKOK, THAILAND \u2014 Thailand is forecast to export 8 million tonnes of rice in the 2021-22 marketing year, up 31% from the previous year, according to a Global Agricultural Information Network report from the Foreign Agricultural Service of the US Department of Agriculture (USDA).<\/p>\n
Attractive Thai prices, driven by the weakening of the Thai baht, are the reason for the sharp increase in exports, the report said.<\/p>\n
Rice production is projected to increase year-on-year from 18.8 million tonnes to 20.8 million tonnes, the USDA said.<\/p>\n
The report noted that the country\u2019s wheat imports are expected to decline by 13% in 2021-22.<\/p>\n
Reduced domestic demand for milling and feed wheat due to a slow economic recovery from the prolonged COVID-19 pandemic and high import prices for feed wheat are the primary reasons for the decline.<\/p>\n
An even sharper drop in corn imports is expected, as the USDA forecasts a 17% decrease due reduced demand for swine feed caused by the African swine fever outbreak.<\/p>\n
\u201cPost forecasts swine feed demand to decline by 30%, in line with swine production shrinking from 19 to 20 million heads to 12 million to 13 million heads,\u201d the USDA said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Thailand rice exports expected to rise sharply<\/p>\n","protected":false},"author":1,"featured_media":31,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,3],"tags":[],"class_list":["post-30","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rice","category-world-news"],"yoast_head":"\n