Thai Corn and Corn-Feed Feedstock: ~USD 1-2B Domestic Production and the CPF, Betagro Supply Chain
Thai corn (maize) production ~5-6M tonnes annually; ~USD 1-2B annual production value. Phitsanulok-Kamphaeng Phet-Phetchabun-Lop Buri-Saraburi-Nakhon Sawan northern, central cluster ~70% production. CPF, Betagro, Thai Foods (TFG) feed-mill major buyers. Imported corn supplements domestic production. Watchpoints: feed-cost cyclicality, Vietnamese, Cambodian corn-import competition.
Key takeaways
- 1
Thai corn production ~5- tonnes annually; ~ annual production value.
- 2
Phitsanulok-Kamphaeng Phet-Phetchabun-Lop Buri-Saraburi-Nakhon Sawan northern, central cluster ~ production.
- 3
- 4
Major buyers: CPF, Betagro, Thai Foods (TFG), Saha Farms feed-mill.
- 5
Imported corn ~2- tonnes annually (Cambodia, Vietnam, Brazil, US, Argentina) supplements.
- 6
Watchpoints: feed-cost cyclicality, Vietnamese, Cambodian competition, El Nino-La Nina drought.
Questions this report answers
How big is Thai corn? Per Customs / DITP / MoA: Thai corn (maize) production ~5- tonnes annually; ~ annual production value. Production geography: Phitsanulok (~), Kamphaeng Phet (~), Phetchabun (~), Lop Buri (~), Saraburi (~), Nakhon Sawan (~) northern, central cluster ~ production. ~- corn farms.[, ]
Who are major buyers? Per industry coverage: CPF, Betagro, Thai Foods (TFG SET-listed), Saha Farms feed-mill major buyers. Imported corn (~2- tonnes annually from Cambodia, Vietnam, Brazil, US, Argentina) supplements domestic production. Corn varieties: feed-grade (~ volume), sweet-corn (~), waxy-corn (~).[]
What are watchpoints? Per Bangkok Post / Reuters: feed-cost cyclicality (corn-price volatility 2022-2025 elevated post-Ukraine war), Vietnamese, Cambodian corn-import competition (Cambodia, Vietnam corn-export to Thailand 2024-2025 elevated), El Nino-La Nina drought impact, Thai corn-import-tariff cycle, GMO-corn import restriction (post-2018 Thai GMO-corn-import ban).[, ]
Executive summary
Thai corn production ~5- tonnes annually; ~ annual production value. Northern, central cluster ~ production.[]
CPF, Betagro, TFG, Saha Farms feed-mill major buyers. Imported corn ~2- tonnes annually supplements.[]
Watchpoints: feed-cost cyclicality, Vietnamese, Cambodian corn-export competition, El Nino-La Nina drought.[]
Thai corn production structure
Annual production
Value
~5-6M tonnes
Notes
Domestic Thai corn.
Annual production value
Value
~USD 1-2B
Notes
Domestic feedstock.
Northern, central cluster
Value
~70% production
Notes
Phitsanulok, Kamphaeng Phet, Phetchabun, Lop Buri, Saraburi, Nakhon Sawan.
Corn farms
Value
~500K-700K
Notes
Smallholder structure.
Major buyers
Value
CPF, Betagro, TFG, Saha Farms
Notes
Feed-mill tier-1.
Imported corn supplement
Value
~2-3M tonnes annually
Notes
Cambodia, Vietnam, Brazil, US, Argentina.
| Metric | Value | Notes |
|---|---|---|
| Annual production | ~5-6M tonnes | Domestic Thai corn. |
| Annual production value | ~USD 1-2B | Domestic feedstock. |
| Northern, central cluster | ~70% production | Phitsanulok, Kamphaeng Phet, Phetchabun, Lop Buri, Saraburi, Nakhon Sawan. |
| Corn farms | ~500K-700K | Smallholder structure. |
| Major buyers | CPF, Betagro, TFG, Saha Farms | Feed-mill tier-1. |
| Imported corn supplement | ~2-3M tonnes annually | Cambodia, Vietnam, Brazil, US, Argentina. |
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