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

Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.

On May 8, 2024, the Ministry of Agriculture and Rural Affairs (MARA) announced the issuance of new and renewed biosafety certificates for genetically engineered (GE) and gene-edited events.

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.

The 2023 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2023 calendar year.

Rice export prices increased 2-3 percent due to strong demand for Thai rice and the strengthening of the Thai baht.

Exporters and importers continue to face much uncertainty due to the military regime’s foreign currency control policies and continuing conflict between the regime and ethnic armed forces. FAS Rangoon forecasts Burma’s MY 2024/25 rice exports to recover to 1.7 MMT amid high stocks and expected relaxation of export controls. MY 2024/25 corn exports and wheat imports will remain flat.

Rice export prices slightly increased despite the further weakening of the Thai baht.