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Infographic illustrates how modernizing retail outlets in Southeast Asia are providing U.S. food exporters access to young, urbanizing consumers.
Rice export prices remained steady while traders await for the government to announce on July 11 the sale results of the remaining 2 million metric tons of government rice stocks.
Thailand’s retail food sector continues to grow in 2017, driven by strong economic growth, increasing numbers of tourists and government investment.
Domestic and export rice prices declined 1 to 2 percent due to the lack of new inquiries and further weakening of the Thai baht.
Export prices were virtually unchanged from the previous week. The Government will issue a new public tender for non-food grade rice for industrial use by the end of November.
Despite the weakening Thai baht, export prices increased 1 percent as G-to-G agreement with Indonesia has been signed and shipments are beginning immediately.
Continued growth in Thailand livestock and poultry sectors is fueling larger-than-expected growth in soy protein demand.
Export prices declined around 1 percent due to quiet trading activities. Thai and Chinese Governments have finalized the delivery details of the 8th shipment under the 2014 G-to-G agreement.
Water restrictions for MY2015/16 off-season rice remain in place as current water supplies available for all uses are far below 2014.