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Despite the sale of around two million metric tons of old-crop food-grade rice stocks this week, export prices increased around two percent as exporters are seeking new-crop white rice...
On January 27, 2017, the Thai Food and Drug Administration notified the WTO (G/SPS/N/THA/183/Rev.1) on the Ministry of Public Health (MOPH) Notification Regarding Food Containing Pesticide Residue.
Export prices further declined one to two percent in anticipation of the sale of all the remaining food-grade government rice stocks on February 16, 2017.
Export prices declined one to two percent due to the sales of government rice stocks associated with the tender for 3.8 million metric tons on July 25.
The planting of the MY2016/17 main rice crop is still 30 percent behind last year. Aggressive sales of government stocks will likely increase Thai rice exports to 9 million metric tons in 2016.
Export prices were steady due to little trading activity during the holiday week.
Export prices remained steady this week due to little trading activities during the Chinese New Year holiday.
MY2016/17 cotton imports are likely to recover from a recent downturn in anticipation of a sustained economic recovery and increased domestic demand for garments in the first half of the year.
On November 8, 2016, Thailand informed the World Trade Organization about a draft regulation on good practice certification and labelling requirements for packing houses of fruits and vegetables.
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.
Export prices further declined approximately one percent due mainly to the weakening of the Thai Baht. Domestic prices remain under downward pressure.
Export prices increased one percent due mainly to the strengthening Thai baht. Prices remain under downward pressure despite government measures to keep new-crop rice off the market.