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- (-) December 2016
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Export prices increased approximately 1 percent as exporters are seeking white rice supplies for the new shipments under the government-to-government agreement with China.
Export prices were steady over the past week. The Ministry of Energy is considering conducting a feasibility study on the use of non-food grade rice stocks for ethanol production.
Export prices increased one to three percent mainly due to a correction in domestic prices. New inquiries over the past week were limited to just small shipments.
Export prices rebounded to pre-harvest levels. Also, the cabinet approved the expansion of the pledging program to include all MY2016/17 main-crop rice varieties.
The majority of main-crop rice and corn supplies have entered the market creating downward pressure on farm-gate prices.
The report provides an update on the Biosafety Act legislation in Thailand. The report also provides information on possible labeling regulation changes for manufactured/imported foods containing...
MOF issued a Notification in the Royal Gazette detailing the preferential duty reduction schedules under Section 12 of the Customs Tariff Decree B.E. 2530 for imported wood products.
Export prices declined slightly as supplies of off-season rice continue coming into the market. Also, inquiries for Thai rice are quiet as Vietnamese rice is 5 to 10 percent cheaper.
The government agricultural restructuring program will likely increase MY2015/16 sugar production to 11.4 million metric tons, and sugar exports to around 9 million metric tons.
Export prices are expected to be stable through the week of April 13 due to quiet trading during the long Thai New Year’s holidays.
Export prices increased 1 to 2 percent as another government-to-government contract with China for 100,000 tons of white rice was finalized for delivery by May 2015.
Soybean and soybean meal imports are expected to increase in MY2014/15 and MY2015/16.