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Rice export prices further increased by 1 percent due to strong demand from China and African countries amid the off-season rice harvest.

Slow feed demand growth will limit Thailand’s imports of soybean meal in MY2017/18 and MY2018/19, but have less impact on Thai imports of soybeans.

On March 14, 2018, the Thai Excise Department issued a new Excise Department Notification which extended by six month the timeline for the full implementation of the Certificate of Analysis....

Rice export prices increased by 2 percent due to the strengthening Thai baht, which offset declines in farm-gate rice prices.

MY2018/19 rice and corn production are expected to reach record highs due to acreage expansion driven by attractive farm-gate prices.

Export prices declined by 1-3 percent as supplies of off-season rice have begun to enter the market.

Export prices increased by 1 percent in response to new demand for white rice under the government-to-government agreement with China.

Export prices remain unchanged due to market inactivity. The government delayed its plan to issue a tender for the remaining rice stocks until April.

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.