Browse Data and Analysis

Export prices increased 1-6 percent.

Due to uncertainty regarding policy on imported soybeans, the 2022/23 soybean import forecast is reduced from 2.5 to 2.2 million tons. Due to the lower expected soybean imports, 2022/23 crush and soybean meal output is reduced accordingly. Reflecting continued decline in consumer purchasing power due to record level inflation, the forecast for 2022/23 palm oil imports is also reduced.

While output is unchanged, the 2022/23 harvested area is reduced to reflect the abandoned fields in key production areas of Sindh due to last summer’s flooding. The import forecast is increased to reflect the need to supplement the decline in domestic availability.

Export prices increased 2 percent as foreign buyers continued seeking Thai rice.

Export prices increased 2 percent due to the rapid strengthening of the Thai baht.

The Thai Cabinet has approved the draft Biodiversity Law in principle. The draft is in the legislative process and currently with the Council of State for review and approval on text. The Thai Food and Drug Administration finally published its two...

In 2022, after a Technical Advisory Committee (TAC) completed the draft, the National Biosafety Committee (NBC) reviewed a policy on regulating imports of genetically engineered (GE) commodities for food, feed, and processing (FFP). The NBC sent the draft FFP policy to relevant Ministries for further review. Cotton remains the only GE crop approved for cultivation.

Export prices remain unchanged as the strengthening of the Thai baht offset reduced domestic prices.

FY2022 agricultural exports reach record levels.

Export prices increased one percent due to the strengthening of the Thai baht and strong export demand.

FAS/Bangkok (Post) revised down MY2022/23 rice production slightly to 19.9 MMT due to flood damage on main-crop rice production. MY2022/23 corn production and imports, as well as wheat imports, remain unchanged from the previous forecast.

Export prices decreased 1-2 percent due to further weakening of the Thai baht.