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- (-) October 2023
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Export rice prices dropped 1-6 percent as lower domestic farm-gate prices offset the strengthening of the Thai baht.
Export rice prices increased 1-2 percent due mainly to the strengthening of the Thai baht.
Thailand’s export rice prices fell another 1-2 percent due mainly to the weakening of the Thai baht.
Thailand’s export prices fell 1-2 percent, mainly due to further weakening of the Thai baht.
A drought during the intensive growth stage impacted MY2023/24 sugarcane production and led Post to lower the sugar production forecast by 15 percent from MY2022/23.
A combination of a “return to normal” behavior by Thai consumers and of a rapidly recovering tourism demand bodes well for Thailand’s post-pandemic HRI sector.