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Export prices further declined one percent due to a lack of new inquiries as traders are awaiting the results of the July 25 Philippines import tender.
Export prices declined to the same price levels as seen in mid-May.
Effective on June 12, 2017, the Thai FDA has established maximum levels (MLs) of Annatto Extracts (INS160b(i) and INS160(ii)) for certain dairy products.
Export prices declined three to four percent due to a lack of new inquiries following uncertainties about the sale of government stocks.
Rice production is expected to be larger than previously forecasted in MY2016/17 and MY2017/18 due to attractive returns compared to corn.
Export prices increased 1 percent due to lower-than-expected sales of government rice stocks.
U.S. exporters of foods in hermetically sealed containers to Thailand can use U.S. FDA’s Filed Process Filing document as the equivalent certificate to meet new requirements.
Export prices declined 1 percent as the government will issue a tender for around 400,000 metric tons on December 22.
Export prices declined 1 percent in anticipation of the sales of government rice stocks. The details of a new public tender for 400,000 metric tons will be announced on December 11, 2014.
Thai rice exports reached a record high in October 2014 fueled by the sales of the government stocks.
Export prices increased 1-3 percent, particularly for fragrant rice, in response to the implementation of an on-farm pledging program that the government approved on last week.