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- (-) December 2023
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Rice export prices increased 1- 4 percent mainly due to the strengthening of the Thai baht.
The Thai Food and Drug Administration (Thai FDA) has announced on its website the proposal to approve and add more plants or plant parts for use as a raw material for tea infusion products to the existing approved list under the Notification of the Ministry of Public Health No. 426 B.E. 2564 (2021) Re: Tea Infusion.
Rice export prices increased 1-2 percent due to the strong demand for Thai rice and the strengthening of the Thai baht.
The steady demand for Thai rice from ASEAN countries slightly boosted rice export prices and offset the weakening of the Thai baht.
Rice export prices increased 2-4 percent as the Thai baht strengthened and new crop rice harvesting was nearly completed.
Thailand has yet to finalize its Biodiversity Act. Since December 4, 2022, the Thai Food and Drug Administration has enforced two notifications regarding GE (termed “Genetically Modified” or GM) food imports, production and labeling.
Rice export prices increased 2-5 percent as the Thai baht strengthened.
Export prices increased 1 to 2 percent with exporters fulfilling outstanding shipments under the Government-to-Government agreement with China.
Forecast MY2016/17 rice and corn production is expected to provide for larger exportable supplies in 2017.
Export prices increased around 1 percent due to tighter domestic rice supplies and the strengthening Thai Baht.
Export prices increased slightly due to the strengthening Thai Baht. Traders are awaiting the details of the new Government stocks tender during the week of March 14.
Export prices for Thai rice declined further this week due to inactive export demand and the likelihood of a new tender for Government rice stocks.