TH4021 - MY2014/15 rice and corn production is forecast to decline 2-3 percent due to unfavorable weather conditions and uncertainties surrounding the government’s domestic support programs. The likely suspension of the rice pledging program and the acceleration of the sales of government rice stocks have put downward pressure on domestic rice prices which is expected to help boost Thai rice exports and support the growing livestock sector. Import demand for wheat will likely to continue its upward trend.
