1、 2566CoverTHAILAND INDUSTRY OUTLOOK 2024-26Rice IndustryKrungsri ResearchSeptember 2024Subscribe UsAuthorChaiwat SowcharoensukSenior AnalystC+662 296 2000 Ext.50880All material presented in this report,unless specifically indicated otherwise,is under copyright to Krungsri Research.None of the materi

2、al,nor its content,nor any copy of it,may 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 complete

3、ness of this information.We accept no liability 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 Limite

4、d and its affiliates.It reflects a judgment at its original date of publication by Krungsri Research and are subject to change without notice.DisclaimerFor research subscription,AuthorEXECUTIVE SUMMARYThai rice outputs are expected to contract through 2024 from the effects of the El Nio,which led to

5、 the delayed onset of the rainy season and reduced access to water.Therefore,in some areas,plantings have been abandoned,or the output per rai has slipped.However,total outputs will trend upwards through 2025 and 2026 due to the transition to La Nia conditions in the third quarter of 2024 that will

6、boost rainfall,while higher prices will also encourage farmers to extend the area under cultivation.However,growers will remain saddled with high production costs.Domestic consumption from 2024 to 2026 will be boosted by the recovery of the restaurant,hotel,and food processing industries.Meanwhile,e