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MY2017/18 rice and corn production is minimally affected by flooding during July – August 2017.
Export prices for most grades of rice further declined 1 to 2 percent, except for fragrant rice prices, which increased significantly.
Export prices declined 1 percent due to a lack of new inquiries.
On July 24, 2017, Thailand and New Zealand reached an agreement to increase market access for New Zealand dairy exports to Thailand.
Export prices remain under downward pressure as supplies of MY2016/17 off-season rice are entering the market.
Export prices further declined two to three percent largely due to a lack of new inquiries. Additionally, the results of the July 25 Philippine import tender has put downward pressure on Thai rice....
MY2016/17 rice and corn production is well underway due to favorable precipitation.
Export prices increased 1 to 4 percent due to foreign buyers’ concerns over the drought situation in main-crop rice growing areas.
Export prices declined around 1 percent with results of the tender for 1.1 million metric tons of government stocks still pending.
Export prices declined 2 to 3 percent in anticipation of the sales of government stocks through a public tender for around 1.1 million metric tons on June 15.
MY2014/15 second off-season rice harvest is underway while MY2015/16 main-crop rice cultivation is progressing well.
Export prices are steady this week due to quiet trading as traders await announcement of a new public tender for government stocks and the result of the Philippines’ tender.