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- (-) December 2017
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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.
Australia is a prosperous, economically stable, and industrialized nation. Underpinning Australia's strong economy is its open and transparent trade and investment environment....
Health, wellness and the environment continue to be major focuses among Australian consumers.
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.
Fresh orange production is estimated at 480,000 metric tons (MT) in 2017/18.
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.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
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.