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- (-) February 2015
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Export prices are steady due to light trading ahead of an expected government tender announcement in the week of March 2. Sources indicate the upcoming tender is likely to include only white rice.
Export prices declined only around 1 percent due to lower-than-expected sales of government stocks. A new government tender for 1 million metric tons is expected by February 27.
Export prices are steady while traders wait for the result of the one million metric ton rice tender.
On 29 December, 2014, the Ministry of Finance issued a Notification providing further preferential duty reduction schedules under Section 12 of the Customs Tariff Decree B.E. 2530 for imported seafood
Thai rice exports reached a record 11 million metric tons in 2014 driven by the sales of government stocks.
Export prices remain unchanged from the previous week.
Thailand is one of the world’s leading agricultural suppliers, primarily due to its welldeveloped food processing sector.
Cotton consumption and imports by Thailand are estimated to decline in MY 2014/15.
Export prices declined 1-3 percent due to the seasonal peak of main-crop rice supplies.
USDA, represented by APHIS and FAS, successfully negotiated new import protocols for meat and bone meal (MBM) with the Thai government.
Post approached the Thai Department of Livestock Development to consider waiving specific requirements for the import of meat and meat products used for ship stores.
U.S. agricultural exports to Southeast Asia have experienced extremely rapid growth in recent years and, in FY 2014, they climbed to a record $11.5 billion – up 11 percent from FY 2013.