Deposits
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Thai rice production in 2026 is projected to remain stable, supported by the La Niña phenomenon transitioning toward neutral conditions,
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Industry Outlook 2019-2021 Rice Industry.Between 2019 and 2021, outputs of Thai rice will tend to rise slightly
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For Thai farmers, outputs of rice will tend to strengthen over 2022-2024, helped by what is forecast to be better weather, higher rainfall, and a greater supply of irrigation water. In addition, government support for rice growers, in particular income guarantees that are expected to be ongoing, will encourage farmers to expand the area under cultivation and/or the number of plantings.
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Domestic rice outputs are likely to dip slightly over 2023-2025 due to the likely emergence of El Niño conditions, and by high operating costs. Exports are also forecast to expand on a combination of rising purchasing power in overseas markets and continuing worries over food security due to the extension of the war in Ukraine
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Thai rice outputs are expected to contract through 2024 from the effects of the El Niño. However, total outputs will trend upwards through 2025 and 2026 due to the transition to La Niña conditions in the third quarter of 2024 that will boost rainfall. Domestic consumption from 2024 to 2026 will be boosted by the recovery of the restaurant, hotel, and food processing industries.
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Updated the key Industry Indicator: (Rice) in each industry.By Chaiwat Sowcharoensuk
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Updated the key Industry Indicator: (Rice) in each industry.By Chaiwat Sowcharoensuk
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Rice is a major cash crop which is important both for consumption as main food of Thai people and export as a major agricultural export product of Thailand
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In 2020, Thailand is at greater risk of severe drought than in 2016, with clear signs of Weak El Niño
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