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Rice export prices dropped 2-4 percent due to the weakening of the Thai baht despite a strong demand for Thai rice.
Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.
Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.
Vietnam offers abundant opportunities for exporting consumer-oriented products, despite the challenges of recovering from the COVID-19 pandemic and dealing with high inflation. The Vietnamese economy is poised for significant expansion in the coming decades. With a burgeoning population and a growing middle class, Vietnamese consumers are becoming more discerning about the origin and composition of their food.
Rice export prices increased 2-3 percent due to strong demand for Thai rice and the strengthening of the Thai baht.
MY 2024/25 sugar production is expected to recover from a 20 percent slump in MY 2023/24. Sugar consumption growth will likely decelerate in MY 2023/24 and MY 2024/25, following Thailand’s slow economic recovery and shrinking sugar demand by non-alcoholic beverage manufacturers due to the progressive sugar tax.
Rice export prices slightly increased despite the further weakening of the Thai baht.
Export prices increased 2 to 4 percent mainly due to new export inquiries and tighter domestic supplies.
On January 8, the Thai Food and Drug Administration (FDA) notified WTO (G/SPS/N/THA/234) about proposed revisions to maximum levels (ML) for certain food additives.
This guide serves as a resource for U.S. companies seeking to do business in Thailand.
This report includes an update of Section 2.8, pertaining to food additive labeling.
Export prices remained unchanged as traders wait for market conditions to improve.