Weekly Summary of Agricultural Commodity Conditions 19-23 September 2022

Corn: price increases

Corn for animal feed at a silo of a feed factory The price was increased from 705 baht per port to 711 baht per port due to continuous rain conditions in all areas.

Chicago Futures Exchange on September 21, 2022 maize Delivery round December 2022 priced at 685.4 cents per bushel, slightly higher. US Department of Agriculture Good to Excellent quality corn was estimated to drop from 53% to 52%, and reported progress in the current crop of 7%, slightly slower than average. On the other hand, Brazil is currently cultivating a generation of corn. Progress was 26%, slightly faster than average. while the demand side US Energy Agency (EIA) reported ethanol production last week at 901,000 barrels per day. This was the lowest in 19 months, causing ethanol stock levels to drop from 22.8 barrels to 22.5 barrels. The current conflict between Ukraine and Russia remains worrisome. Because Ukraine is an important country in the grain market. It is also the 4th largest corn exporter in the world.

Outlook : It is expected that domestic corn prices will be stable.

Soybean: stable price

soybean meal from imported soybean seeds The price remained at a high level at 22.90 baht per kilogram after China began easing lockdown measures. causing more purchases from China to enter the market In particular, a report from the US Department of Agriculture (USDA) that says there are pre-orders from China for the upcoming season’s produce. As a result, the market views that demand from China is still at a relatively good level. On the American side of the crop, it’s already close to harvesting. Expected yield per rai is still at a good level.

Chicago Futures Exchange on September 21, 2022 soybean Delivery round December 2022 priced at 1,461.25 cents / bushel and soybean meal Delivery round for November 2022 at $438.8/short ton price increase from the US Department of Agriculture The quality of soybeans was assessed at 54%, down 1% from the previous week. And now, 3% of the total arable land is harvested in the US soybeans. mostly in the southern states Brazil has already started planting about 1% of the new soybean season 2025/23, and rainfall is forecast to be good across all planted areas. In contrast to Argentina, rainfall is expected to be relatively light for the next three months. Especially on the east coast. On the demand side, after China began to ease the lockdown in many states, it started reporting US soybean orders. to China back in The latest amount is 136,000 tons.

Outlook : It is expected that imported soybean prices will be stable.

Fish meal : stable price

The purchase price of fishmeal imported from Peru, sent directly to China. dropped slightly But the purchase price of fishmeal produced locally remains high. The volume of purchases at the port in the past week was still high. Meanwhile, the port stock dropped slightly.

Shrimp Grade Fish Meal Standing price at 50.00 baht per kilogram, while fish meal No. 1, grade higher than 60 protein, stands price at 44.70 baht per kilogram, and fish meal grade lower than 60 protein, stable price at 42.20 baht per kilogram.

For fishmeal, the second quality is fish meal No. 2 with protein higher than 60 protein, the price is stable at 41.70 baht per kg, and fish meal No. 2 with protein higher than 56 but not more than 60 protein, standing at a price per kilogram. 40.20 baht

Outlook : It is expected that fish meal prices will be stable.

Rice: price increases

Rice trading market both domestically and internationally Prices increased due to increased demand from foreign countries.

Overseas rice market this week White rice 100%, 2nd layer Export price of Bangkok Port FOB increased from 459 USD per ton to 461 USD per ton.Crispy Rice A.One Special Export price of F.O.B. decreased from 397 USD per ton to 392 USD per ton.

In terms of the domestic rice market, 100% white rice, 2nd floor, the price increased from 1,520 baht per sack to 1,550 baht per sack. The price is stable at 1,300 baht per sack.

Outlook: Rice prices are expected to remain strong.

Swine: stable price

The National Swine Raisers Association asks pig farmers to cooperate with the government to maintain the price of fattening pigs at 100 baht per kilogram. The amount of output to the market is still at a sufficient level. while rain and flooding conditions in some areas affect trading
The smuggling of pork is still ongoing. The smugglers try to avoid depositing with normal cold storage. Meanwhile, the group of pig farmers asked the Department of Livestock Development to disclose the list of importers in order to expand the network and manage it decisively.

For piglets weighing 16 kg per head, the price is 3,600 baht (plus/minus 100).

Outlook : It is expected that the price of pigs will be stable.

Broiler: stable price

Recommended price for live broilers at the farm from the Broiler Association The price stood at 40 baht per kilogram due to the rain in many areas, resulting in a decrease in overall spending.

Broiler chicks priced at 19.50 baht each, and egg chicks priced at 28.00 baht each.

Outlook : Broiler prices are expected to stabilize.

Chicken eggs: stable price

Recommended price of chicken eggs, assorted at the farmer’s farm from the Laying Hen Cooperative Network stable at 3.60 baht per bubble; overall purchasing power slightly decreased. from rain and flooding in many areas

Outlook: Egg prices are expected to stabilize.

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Source: Corporate Communications and Public Relations Charoen Pokphand Foods Public Company Limited
E-mail : [email protected]

The article is in Thai

Tags: Weekly Summary Agricultural Commodity Conditions September

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