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Rice export prices further declined 1-3 percent due to the weakening of the Thai baht against the U.S. dollar and the downward price pressure from the new MY2023/24 off-season rice supplies.

With expectations for no change in area, and assuming average yields, cotton production is forecast to decline in 2024/25. Given prospects for an increase in cotton textile exports, domestic use is forecast to increase in 2024/25.

FAS Bangkok forecasts Thailand’s rice and corn production to marginally increase in MY 2024/25 along with expanded acreage in response to current attractive farm-gate prices. In 2025, Thailand will likely export 7.5 million metric tons of rice or well above its 5-year average.

Rice export prices dropped 2-3 percent as the Thai baht weakened and new MY 2023/24 off-season rice supplies entered the market.

Rice export prices stayed virtually unchanged as the strengthening of the Thai baht offset the downward price pressure from new off-season MY 2023/24 rice supplies entering the market.

Rice export prices increased 1-2 percent due to the strengthening of the Thai baht and the demand for white rice from Indonesia.

From February 23, 2024, U.S. wines can access the Thai market duty-free and with lower excise taxes.

Rice export prices remain unchanged as the downward price pressure from the new supplies of white rice offsets the strengthening of the Thai baht.

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

Rice export prices decreased 1-3 percent mainly due to further weakening of the Thai baht.

Rice export prices decreased 1-3 percent as the Thai baht weakened.

MY2023/24 rice and corn production forecasts remain unchanged. MY2023/24 wheat imports are revised up to 3.0 MMT.