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.

In MY2015/2016, total raw sugar production is forecast to increase 3 percent to 2.127 MMT from MY2014/15 due to an increase in raw beet sugar production of 60,000 MT or a total of 1.210 MMT.

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 imports are expected to reach 1.97 MMT, reflecting additional crush capacity and soy meal demand.

The Ministry of Agriculture and Land Reclamation announced it would not directly provide cash subsidies for MY2015/16, after offering such subsidies to farmers for the first time in MY2014/15.

News on developments in agriculture and food in Egypt.

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.