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- (-) December 2016
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Export prices increased approximately 1 percent as exporters are seeking white rice supplies for the new shipments under the government-to-government agreement with China.
Export prices were steady over the past week. The Ministry of Energy is considering conducting a feasibility study on the use of non-food grade rice stocks for ethanol production.
Export prices increased one to three percent mainly due to a correction in domestic prices. New inquiries over the past week were limited to just small shipments.
Export prices rebounded to pre-harvest levels. Also, the cabinet approved the expansion of the pledging program to include all MY2016/17 main-crop rice varieties.
The majority of main-crop rice and corn supplies have entered the market creating downward pressure on farm-gate prices.
The report provides an update on the Biosafety Act legislation in Thailand. The report also provides information on possible labeling regulation changes for manufactured/imported foods containing...
Export prices were virtually unchanged while traders are awaiting the new tenders for 3.8 million metric tons on July 25.
Export prices declined around one percent in anticipation of large sales of government stocks in the new tenders for 3.8 million metric tons on July 25.
Export prices increased 2 to 5 percent due to tight domestic supplies of white rice paddy and the strengthening of the Thai baht.
The sowing of the MY2016/17 main-rice crop is progressing slowly due to limited irrigated water supplies.