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Siam Commercial Bank's EIC says a drought that started early in Thailand's 2019-2020 dry season has damaged 1.62 million rai of farmland, 89% of it rice. Reservoirs are below the five-year average, and the Meteorological Department warns the drought could last until June.
Off-season rice, sugar cane and cassava are seen as most at risk.
Lower off-season rice, cane and cassava output tightens Asian feed and industrial raw material supplies, supporting prices for rice and cassava-linked feed inputs.
bangkokpost.comEIC17 mrt 2020Na 179 eerdere opwaarts weer-gebeurtenissen bewoog Padierijst zich mediaan +0,4% over 5 sessies (55% hoger; middelste helft -1,4% tot +2,5%), en +2,2% over 20.
Na 1.465 eerdere opwaarts weer-gebeurtenissen bewoog Maïs zich mediaan +0,2% over 5 sessies (54% hoger; middelste helft -1,4% tot +1,9%), en +0,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Drought damage to 1.62 million rai of Thai farmland, mostly rice, with reservoirs low and the drought possibly lasting until June, points to reduced supply from a major exporter.
Thai drought damaging 1.62 million rai, mostly rice, with the dry spell forecast to last to June, raised the supply-risk premium.
