Browse Data and Analysis

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.

Cane sugar production for MY (May/April) 2015 is forecast at 1.24 MMT, up from 1.22 MMT in MY2014.

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.

The U.S.-Peru Trade Promotion Agreement (PTPA) has led to record food and agricultural product exports for both countries.

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.

Export prices further declined about 1 percent, as off-season rice harvest continues to keep supplies large.

Thailand’s MY2015/16 cotton imports are forecast to increase slightly from level’s in MY2014/15.

On March 14, 2015, Peru’s Ministry of the Environment announced a fine structure for any company in non-compliance with the 10 year moratorium on genetically modified organisms.

Shrimp exports from Peru are estimated at 18, 000 MT in CY 2015, a six-fold increase from 2003 due to strong export demand.