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Rice export prices remain unchanged from the previous week.
Export prices further declined 2-4 percent due to the lack of new inquiries.
The current 20-year AEDP 2018 (2018 – 2037) revised down the biofuel consumption target, together with a gradual reduction in biofuel price subsidy between 2020 and 2022.
Export prices declined 2-4 percent due to lack of new inquiries and weakening of the Thai baht.
Export prices further increased 1 percent due to tight domestic supplies and continued exports to African countries.
MY2020/21 rice production is revised down to 18.6 million metric tons due to limited water supplies.
Export prices declined approximately one percent due to the lack of new inquiries during the Chinese New Year holiday season.
MY2016/17 rice and corn production is likely to increase significantly due to the recovery of off-season production. Feed wheat and DDGS imports face additional trade barriers.
Export prices further declined one percent due to a lack of new inquiries.
Thailand’s Ministry of Public Health issued a regulation that revises the maximum allowable levels of certain food additives.
Export prices increased one to two percent mainly due to new inquiries for old-crop white rice from African countries.
This report is a helpful reference for those seeking to understand the history of Thailand’s price support programs. It summarizes how Thailand’s rice policies have changed over the past decade.