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Export prices declined 1 to 2 percent due to a lack of new inquiries and the weakening of the Thai baht.
Export prices remain unchanged as a result of the lack of rice trading during the year-end holiday season.
Saudi regulations allow the importation of biotech plant products. However, they are required to be labeled if they contain more than one percent genetically engineered (GE) plant....
Saudi Arabia imported $14.8 billion worth of agricultural and related products in 2016, with the U.S. accounting for about 10 percent of total Saudi imports
Saudi Arabia’s regulatory authorities continue to strictly enforce Saudi and GSO food import regulations and standards, particularly those related to allowable limits for food additives....
Thailand has enacted several new regulations that restrict imports of feed and feed ingredients containing certain animal proteins.
White and parboiled rice export prices declined 1 percent from the previous week while fragrant rice prices increased by 1 to 2 percent.
Rice export prices did not change, except for fragrant rice prices which increased by 3 percent.
Thailand’s regulations restricting the cultivation of genetically engineered crops remain unchanged.
MY2017/18 cotton imports are expected to increase 3 to 4 percent as spinning mills used much of their cotton yarn inventory in MY2016/17.
Export prices increased 2 to 3 percent due to the strengthening Thai baht and strong export demand.
The forecast for MY2017/18 main crop rice production is revised down slightly due to higher than expected flooding damage to fragrant rice.