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Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht and strong demand for Thai rice.

Export and domestic prices of Thai rice increased one percent due to the strengthening of the Thai baht

Export prices of Thai rice increased 1-2 percent due to the strengthening of the Thai baht and the upward pressure on domestic rice prices.

Export prices further declined 1 to 2 percent as supplies of new off-season rice continue coming into the market.

Export prices declined 2 to 3 percent due to rumors of large sales of government stocks and the weakening Thai baht over the past week.

MY2015/16 rice and corn production is expected to increase slightly due to average yield improvement that will offset anticipated acreage reduction.

In the past decade, one of the most apparent trends agricultural trade patterns has been the growth in agricultural trade between developing countries or so-called “South-South trade.”

Export prices continued to decline around 1 percent in anticipation of higher-than-expected sales of government rice stocks.

Export prices declined around 1 percent in anticipation of sales of government stocks in the public tender for 1 million metric tons of white rice.

The Thai Cabinet increased domestic palm oil supplies for cooking by at least 110,000 metric tons in February 2015 thru imports and a reduction in biodiesel mandates.