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29 Jul 2025

Econ Digest

If Thailand imports corn from the United States, it may be able to purchase it at a lower price than its neighboring countries. However, this would put pressure on the income of Thai farmers.

คะแนนเฉลี่ย
  • ​Thailand’s domestic corn production falls short of domestic demand by more than 3.8 million tons, due to a decline in corn cultivation areas. The reduction is driven by high production costs, climate variability, and farmers shifting to more profitable crops. As a result, Thailand has increasingly relied on corn imports to meet rising demand for animal feed. In 2025, feed demand for poultry and swine is projected to grow by 3.7%.
  • Thailand imports corn mainly from neighboring countries—Myanmar (88.4%), followed by Lao PDR (7.7%) and Cambodia (1.8%). If Thailand were to import corn from the United States, it could access significantly lower prices—around USD 254 per ton, compared with USD 372 per ton from Myanmar and USD 301 per ton from Lao PDR.
  • ​The impacts of Thailand importing corn from the United States include positive effects for feed manufacturers, who would have sufficient raw materials supply and lower production costs due to cheaper U.S. corn. However, it would negatively affect 0.42 million Thai corn growing households, whose income would come under pressure due to downward price effects.

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Econ Digest