1、THAILAND INDUSTRY OUTLOOK 2022-24RICE INDUSTRYKrungsri ResearchFebruary 20221Chaiwat SowcharoensukA+662 296 2000 Ext.50880All material presented in this report,unless specifically indicated otherwise,is under copyright to Krungsri Research.None of the material,nor its content,nor any copy of it,may

2、be altered in anyway,or copied to any other party,without the prior express written permission of Krungsri Research.This document is based on public information believed to be reliable.Nevertheless,Krungsri Research would not affirm the accuracy and completeness of this information.We accept no liab

3、ility whatsoever for any direct or consequential loss arising from any use of this document or its content.Information,opinions and estimates contained in this report are our own,which are not necessarily the opinions of Bank of Ayudhya Public Company Limited and its affiliates.It reflects a judgmen

4、t at its original date of publication by Krungsri Research and are subject to change without notice.DisclaimerFor research subscription,Subscribe UsAuthorEXECUTIVE SUMMARYFor Thai farmers,outputs of rice will tend to strengthen over 2022-2024,helped by what is forecast to be better weather,higher ra

5、infall,and a greater supply of irrigation water.In addition,government support for rice growers,in particular income guarantees that are expected to be ongoing,will encourage farmers to expand the area under cultivation and/or the number of plantings.Domestic demand will rebound with recovery in res

6、taurants,hotels,and downstream food-processing industries,while overseas sales will improve with strengthening consumer spending power in export markets.Exports will be helped further by prices for Thai rice that will tend to soften on higher outputs,and by the easing of problems with transport and