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- (-) October 2017
- (-) May 2016
- (-) Thailand
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Export prices for the most part remain unchanged.
The Thai Excise Department implemented for first time ever, an excise sugar tax on certain beverages to reduce consumption of sugar and to increase health consciousness.
Export prices further declined 1 percent as supplies of MY2017/18 main crop white rice are reportedly entering the market.
Export prices further declined 3 to 4 percent mainly due to a reduced demand from foreign buyers.
Export prices leveled off due to sales of government stocks and quiet demand for parboiled rice.
Export prices increased 2 to 3 percent due to further tightening of the domestic rice supply.
Export prices increased 3 to 5 percent due to strong enquiries for parboiled rice while domestic supplies are expected to be tighter.
Domestic and export prices continued to increase around 1 to 2 percent due to tighter domestic supplies. The new public tender for 1.2 million metric tons will be issued on May 19, 2016.
MY2016/17 rice production is revised down to 17 million metric tons due to water shortages.
Soybean and soybean meal imports are expected to increase in MY2016/17 to 5.5 million metric tons. The U.S. holds about a 20-22 percent share of the market.
Domestic and export prices continued to increase around 1 to 2 percent as domestic supplies remain tight.