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- (-) October 2014
- (-) Thailand
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Export prices of white rice declined 2 to 3 percent in anticipation of further sales of government stocks from the public tender on Tuesday, October 28.
Export prices declined slightly in anticipation of a new public tender this week.
The Thai Food and Drug Administration has issued a new food labeling law for pre-packed food replacing the current food labeling notification, Ministry of Public Health Notification No. 194.
Due to generally favorable weather conditions throughout Mexico’s crop producing regions, production is expected to be higher in marketing year (MY) 2014/15 for most crops.
The Mexican dairy sector will again increase production in 2015. Milk, cheese, and most dairy products consumption continue to rise.
Export prices remained unchanged from the previous week. The government is likely to issue a new public tender next week.
Mexican beef consumption continues to fall next year while pork rebounds slightly as the more affordable meat.
Export prices declined 1 to 2 percent due to the sales of government stocks and the weakening of the Thai baht this week. The government continues to sell its rice stocks only for export.
MY2014/15 sugar production in Thailand is revised down to 10.2 million metric tons due to drought- reduced sugarcane production and a lower extraction rate.
Export prices declined around 1 percent due to the sales of government stocks. The result of the second public tender has been finalized and new tenders will be exclusively for exporters.
Sugar production for marketing year 2014/15 (Oct/Sept) is forecast to be about 6.3 MMT-RV. Sugar production for MY 2013/14 was revised downward to 6.382 MMT-RV due to adverse weather.