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Export prices declined 1 to 3 percent due to a lack of new inquiries.
MY2017/18 sugar production will likely increase to 11.2 million metric tons, up 12 percent from MY2016/17 due to favorable weather conditions.
Despite some flooding, the forecast for MY2017/18 rice production is unchanged at 20.4 million metric tons.
Export prices increased around one percent due to the strengthening Thai baht.
Export prices increased 2-3 percent due to new inquiries for white and parboiled rice. Fragrant rice prices are now above U.S. $1,000/MT.
The Thai broiler industry in 2017 continued to enjoy favorable export growth and profitable export prices.
Export prices increased approximately 1 to 2 percent due mainly to the strengthening of the Thai baht and the delay of the new tender for the remaining government rice stocks.
Export prices for most grades of rice further declined 1 to 2 percent, except for fragrant rice prices which continued to increase significantly.
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.