Saturday, January 30, 2021
BAAC Research and Innovation Development Center points out a new wave of COVID-19 virus outbreak In Thailand and entering the Chinese New Year As a result, prices for agricultural products in February 2021, including jasmine paddy. Sticky rice Maize Rubber sheets, cassava, oil palm and swine tend to increase prices. Rice paddy side Raw sugar And white shrimp vannamai The price trend has dropped.
Mr. Somkiat Kimawha, Deputy Manager of the Bank for Agriculture and Agricultural Cooperatives (BAAC), revealed that BAAC Research and Innovation Center predicts agricultural prices in February 2021 with agricultural products with price trends. The price was 12,104 – 12,276 baht / ton, increased 3.09% – 4.55% from the previous month due to the export price of Thai jasmine rice at the same level as the competing countries. Causing trading partners to import more Thai jasmine rice Long-grain sticky paddy price was 11,073 – 11,721 baht / ton, an increase of 3.95% – 10.04 percent from the previous month due to the end of the harvesting season. As a result, the output to the market decreased and the demand for glutinous rice was increased during the Chinese New Year. Maize maize, moisture not exceeding 14.5%, price at 8.15 – 8.19 baht / kg, an increase of 0.50 – 1.00 percent from the previous month due to the low yield of maize. Meanwhile, demand for consumption continues to expand on the back of the recovery of domestic consumption and rising exports of livestock. Grade 3 raw rubber sheets, priced at 53.85 – 54.15 baht / kg, increased 0.94% – 1.50 percent from the previous month due to the demand for concentrated latex for the production of medical gloves, both domestically and internationally, continued to increase. Continuously From the situation of the coronavirus outbreak That is still mutated and While the amount of rubber to market is not enough to meet the demand. And the price of crude oil is likely to rise
Cassava was priced at 2.03-2.08 baht / kg, an increase of 0.50% – 2.97 percent from the previous month due to supporting factors in demand of the cassava processing plant continued to exist. And measures to promote the use of ethanol in the country began to become more clear. Palm oil prices were 6.80 – 6.95 baht / kg, an increase of 0.57% – 2.72 percent from the previous month due to the lower output. Together with the forecast that the trend of the spread of the COVID-19 virus New waves will begin to unfold. And tight control measures are relaxed in provinces with severe outbreaks. This will result in increased demand for renewable energy (biodiesel) in the transport sector and the price of pigs at 76.39-77.03 baht / kg, an increase of 1.95% – 2.80 percent from the previous month due to entering the Chinese New Year. This causes the demand for pig consumption to increase both domestically and internationally. In addition, there was an announcement from the government about teaching and learning on February 1, 2021 after the temporary closure of the COVID-19 epidemic situation. As a result, the demand for pork increases.
Agricultural products that have a tendency to drop in prices are 15% moisture-rich paddy, the price is 8,827 – 8,856 baht / ton, down 0.28 – 1.72% from the previous month due to the lockdown problem of the ports in some trading partners. This causes a shortage of containers for rice exports by ships. As a result, trading partners have adjusted their rice purchasing plans as necessary. Raw sugar, New York market, priced at 15.87 – 16.12 cents / lb (10.51 – 10.68 baht / kg), down 2.00 percent – 3.50 percent from the previous month due to the forecast that the Brazilian real will weaken compared With US dollar This will stimulate the sugar producers. In Brazil, sugar exports increased. And there are concerns from the spread of the COVID-19 virus in the first quarter that could reduce the global sugar consumption by 2-3 million tons, causing investors and speculators. Sell tickets to buy sugar The price of Vannamai white shrimp was 132.15 – 136.15 baht / kg, down 4.79% – 7.59% from the previous month due to the uncertainty of the new coronavirus epidemic. It will slow down from the sluggish tourism sector. Together with the period of the Chinese New Year Causing people to shop for things, especially fresh chicken and pork As a result, the demand for shrimp consumption decreased.
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