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- (-) February 2016
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This report lists certificates required by Thai government agencies for U.S. products exported to Thailand.
With a large tender for government stocks announced this week, export prices for most grades of rice declined marginally
Export prices for Thai rice further declined this week $5.00-9.00/ton across the board due mainly to inactive export demand and slightly depreciated Thai currency.
Export prices were steady due to quiet trading during the Luna New Year holidays. Also, traders are awaiting the Government stocks tender on February 16-17.
MY2015/16 rice production is further revised down due to lower-than-expected off-season rice planting caused by limited irrigation availability.
Export prices increased further due to current tight domestic market supplies and concern about drought.
TH5132 – Export prices declined around 1 percent as the rumored G-to-G agreement with Indonesia has not yet been finalized.
Export prices were virtually unchanged expect for fragrant rice prices. The Ministry of Commerce is proposing on-farm pledging program for MY2015/16 fragrant rice production.
Export prices increased around 1 percent due to the strengthening of the Thai baht. A rumor about a new G-to-G contract with Indonesia also put upward pressure on domestic prices.
Export prices increased 2 to 4 percent as exporters are seeking new-crop rice for shipments under the Government-to-Government contract with the Philippines.
Record low-level reservoirs are likely to result in smaller MY2015/16 rice area and production. Exportable supplies of white and parboiled rice will likely be tighter in 2016.
MY2014/15 and MY2015/16 sugar production will remain steady at 10.8 million metric tons. More sugarcane and raw sugar is being used for ethanol while world sugar prices trend downward.