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Thailand’s domestic and export prices dropped 1-3 percent in response to reduced demand and a further weakening of the Thai baht.

Thailand’s domestic and export prices grew 1-3 percent as demand for Thai rice surges in response to rice export bans by India and Burma.

Reflecting strong demand for Thai rice, domestic and export prices grew 1-3 percent this week.

Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.

In July, Vietnam's rice exports surged to 656,869 tons, with its primary export markets being the Philippines, Indonesia, Ivory Coast, Ghana, and China. Notably, shipments to the Philippines soared to 239,400 tons, marking a 45% spike from the previous month and securing a 36% share of the export market.

Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.

Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.

Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.

Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.

The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.

Economic slowdowns in Indonesia’s export destination countries curbed Indonesia’s imports and consumption of wheat.

Export and domestic prices increased 1-6 percent due to the strengthening of the Thai baht and the continuing demand for Thai rice.