Browse Data and Analysis

India’s total alcoholic beverage sector is the world’s third largest, with yearly sales of $44 billion according to Euromonitor. Despite India’s high import tariff structure, lack of uniformity in state excise rates, state specific regulations, and limited opportunities for the marketing of alcoholic beverages, the sector continues to witness significant growth that is set to expand to $55 billion by 2027.

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

This report is an overview and update of Thailand’s import regulations and standards for food and agricultural imports. For more information on Thailand’s certification requirements, see the FAIRS Export Certificate Report for Thailand.

India continues its rapid economic growth journey in 2024 as the fifth largest economy in the world. It is projected to surpass Japan to become the third largest economy by 2030.

Rice export prices further dropped 1-2 percent despite the strengthening of the Thai baht.

Rice export prices further dropped one percent due to the weakening of the Thai baht.

Rice export prices dropped one percent due to the weakening of the Thai baht.

Rice export prices increased one percent due to the strengthening of the Thai baht.

FAS New Delhi expects India’s ethanol production for 2024 to reach 6.35 billion liters (BL), less than a 1 percent change down from last year due to projected decline in sugarcane production and depleting rice grain storage.

India’s annual import of logs, lumber, and wood products has increased from $630 million to $2.3 billion over the past two decades, with U.S. market share reaching a record high $84 million in 2023.

On April 15, 2024, the Indian Metrological Department (IMD) predicted above normal 2024 monsoon rains. FAS New Delhi (Post) market year (MY) 2024/2025 (April-March) wheat production is forecast at a record 114 million metric tons (MMT), same as the U.S. Department of Agriculture (USDA) official forecast, on higher than initially expected yields in the northern Indian states due to favorable weather through the harvest.

Rice export prices dropped 2-4 percent due to the weakening of the Thai baht despite a strong demand for Thai rice.