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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.
Consumer-oriented food and beverage products remain the most important agricultural import category from the United States.
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.
The total MY2017/18 EU-28 grain crop is revised up 2 MMT to 304 MMT, due to improved outlooks for both the wheat and corn crops.
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.
Export prices increased 2 to 6 percent due to strong demand for white and fragrant rice.