Equity Analysis /
Thailand

Thailand: Agro & Food-Gradual recovery of SB stocks—negative for global SB price

  • USDA’s Sep report—negative on higher US and global stocks

  • Only modest YoY drop in 2021/22 US crop condition

  • Upgraded La Niña probability in 4Q21-1Q22—positive for SB price

Prasit Sujiravorakul
Prasit Sujiravorakul

Equity Research Analyst

Bualuang Securities
30 September 2021