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Rice export prices declined around 2 percent as supplies of new-crop white rice are entering the market.
Vietnam, Thailand, and Burma (Myanmar) are part of the fastest developing region in the world and account for roughly 221 million of Southeast Asia’s population.
This report contains information about Thailand’s food service industry.
Rice export prices remain unchanged as traders are waiting for MY2019/20 main crop white rice supplies which will enter the market in the next couple of weeks.
Rice export prices declined 1 to 3 percent due to the lack of new inquiries and less concerns about exchange rate volatility and the impact of dry spell and flooding....
Sugarcane production in MY2019/20 is forecast to decline by 6 percent from MY2018/19’s level, which will reduce sugar production to 13.5 MMT.
Rice export prices remain unchanged at high levels due to the concerns about current exchange rate volatility.
MY2017/18 rice and corn production is minimally affected by flooding during July – August 2017.
Export prices for most grades of rice further declined 1 to 2 percent, except for fragrant rice prices, which increased significantly.
Export prices declined 1 percent due to a lack of new inquiries.
On July 24, 2017, Thailand and New Zealand reached an agreement to increase market access for New Zealand dairy exports to Thailand.
Export prices remain under downward pressure as supplies of MY2016/17 off-season rice are entering the market.