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Rice export prices further dropped 2-6 percent from the previous week despite a strengthening of the Thai baht to a 19-month high.

FAS/Tokyo estimates lower wheat and barley production in Marketing Year (MY)2024/25 from the previous year as unfavorable weather conditions and disease outbreak have reduced yields in main production regions.

Rice export prices further dropped one percent from the previous week.

Rice export prices dropped 1-3 percent from the previous week despite the strengthening of the Thai baht.

Throughout summer 2024, Japan has been grappling with a table rice shortage resulting in empty supermarket as demand outpaced production for the last three years causing stocks to deplete to their lowest levels in over 20 years.

Rice export prices increased 1-6 percent from the previous week despite the weakening of the Thai baht against the U.S. dollar.