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Rice export prices remain unchanged due to quiet trading activities.
The Cabinet agreed to allocate a budget of 60.36 billion baht (U.S. $1.98 billion) for three agricultural price subsidy programs for small rice and oil palm farmers.
Rice export prices remain unchanged as exporters are concerned about current exchange rate volatility.
While a dry spell caused marginal damage on rice and corn production in MY2019/20, the impact of fall armyworm infestation adversely affected corn production to a greater extent.
Thailand’s chicken production, domestic consumption, and exports are expected to further grow in 2019 and 2020.
Export prices declined around 1 to 2 percent as new supplies of main-crop rice entered the market.
Export prices declined around 1 percent due to the sales of government stocks. The Thai Government sold 246,793 metric tons of its rice tender issued on September 8.
Export prices declined around 1 to 3 percent in anticipation of the sales of government stocks and continued weakening of the Thai baht.
Thailand made some progress in 2015 on laying out a draft regulatory framework on adopting agricultural biotechnology.
Export prices for nearly all grades of rice, except fragrant rice, declined further from the previous week’s level due to continued weakening of Thai baht.
Unlike in 2014, the Thai broiler industry in 2015 has encountered much lower profitability due to a sharp decline in broiler prices.