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Rice export prices increased 1-2 percent as exporters continued to secure rice supplies ahead of the Lunar New Year and Ramadan despite a further weakening of the Thai baht.
The Thai Food and Drug Administration (TFDA) recently clarified its requirements for copies of export certificates accompanying U.S.-origin imported foods, including fresh fruit and vegetables shipments, into Thailand.
Rice export prices increased 1-2 percent despite the weakening of the Thai baht.
Export rice prices grew one percent despite the weakening of the Thai baht, as exporters secured rice supplies to fulfill contracted shipments to ASEAN countries.
Export price quotations are not available this week due to the New Year’s holiday.
This guide serves as a resource for U.S. companies seeking to do business in Thailand and provides market overviews, practical tips and information on local business practices, consumer preferences, and trends.
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.