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25 Nov 2025

Econ Digest

What will happen to Thailand’s corn production if the country increases imports up to 1 million tons of US corn?

คะแนนเฉลี่ย
  • The Cabinet, on November 11, 2025, approved an increase in Thailand’s import quota for US feed corn to 1 million tons at zero tariff, effective February 1, 2025. Importers must purchase three parts of domestic corn for every one part imported, at a domestic purchase price of THB9.8 per kilogram, and imports are permitted during February–June. 
  • Domestic feed corn production and imports from neighboring countries are insufficient to meet demand, so wheat must be imported as a substitute. Therefore, if Thailand imports 1 million tons of US feed corn in 2026, it will replace part of the wheat imports, reducing them to around 0.7 million tons. 
  • The import price of US feed corn is cheaper than that from neighboring countries and wheat, lowering production costs for animal feed manufacturers. US corn is about USD47–118 per ton cheaper than from neighboring countries and about USD66 per ton cheaper than imported wheat. Additionally, domestic feed corn farmers may face limited price declines because the government sets domestic purchase prices and the import period does not coincide with Thailand’s harvest season.

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Econ Digest