FX.co ★ Thailand Authorizes 2026 U.S. Corn Import Surge, Cuts Tariff to Zero

Thailand has announced a significant policy change, substantially increasing its allowance for U.S. corn imports. Between February and June 2026, the import quota will rise from 54,700 metric tons to 1 million metric tons, and the tariff will be reduced from 20% to zero. Government spokesperson Siripong Angkasakulkiat explained that this measure is a component of ongoing trade discussions with the United States. He emphasized the government's commitment to minimizing any adverse effects on local farmers. To safeguard domestic producers, the policy requires importers to buy three parts of domestic corn for every part imported. Moreover, the restricted import period is designed to prevent negative impacts on local market prices. Thailand's annual corn consumption is approximately 9 million metric tons, with 4 to 5 million tons being imported. Additionally, the cabinet approved the importation of soybean meal at a 2% tariff from 11 selected importers for the period of 2026 to 2028.