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The forecast for MY2017/18 main crop rice production is revised down slightly due to higher than expected flooding damage to fragrant rice.
Export prices increased 2 to 6 percent due to strong demand for white and fragrant rice.
This report aims to clarify the “Shipping Mark” requirement under the new Thai Customs Act B.E. 2560 (2017)
Export prices declined 1 to 4 percent due to larger available supplies during the peak harvest, particularly for new crop white and fragrant rice.
Export prices remain unchanged. Exporters are securing rice supplies as main crop rice production is entering the market.
The Thai Ministry of Agriculture and Cooperatives released a new draft amendment of the Thai Plant Variety Protection Act to reconcile the Thai Plant Variety Protection Act....
Farmgate prices for rice and corn are under downward pressure as MY2017/18 supplies enter the market.
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.