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Smaller Corn Crop in Thailand
WASHINGTON - Aug 6/07 - SNS -- Corn production in Thailand is slightly smaller than first thought, but still above last season at a forecast 3.85 million metric tons (MT) for 2007-08, according to the U,.S. agricultural attache for the country.
The acreage expansion in the north was offset by a continued contraction of planted areas in the northeast and central, which accounts for around 40% of total planted areas.
Despite a 7-8 baht/kg increase in corn farm-gate prices, which have reached a record high of $212 MT, cultivated areas declined as returns from alternative crop, cassava in particular, remain relatively higher than those from corn. However, average yield of corn in 2007-08 will likely be higher than the previous year due to favorable rainfall.
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