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Export prices for all rice grades remain unchanged from the previous week.
The Thai Food and Drug Administration updated its approved list of good handling practice standards for exports of U.S. fresh fruits and vegetables to Thailand.
Export prices for all grades of rice remain unchanged from the previous week.
Export prices for white and parboiled rice are still trending upward, with new inquiries from African markets and increased demand for glutinous rice from Asian markets.
Export prices for white and parboiled rice increased by 2-3 percent from the previous week as demand from African markets remained strong.
Rice export prices remain under downward pressure due to competition from Vietnamese rice and further weakening of the Thai baht.
Rice export prices declined 2 percent due to the weakening Thai baht and the sale of the remaining 2 million metric tons of government rice stocks.
Rice export prices remain unchanged as traders are awaiting the result of two tenders totaling 2 million metric tons that the government will issue this week.
Export prices of white rice declined 2 to 3 percent due to the lack of new inquiries and the sale of government stocks.
The MY2018/19 rice production forecast is revised up to 21.2 million metric tons, a 4 percent increase from MY2017/18 due to larger than expected main crop fragrant rice acreage.
Rice export prices increased around 1 percent due to the strengthening Thai baht and new demand for white rice from the Philippine government.