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Rice export prices increased 2-8 percent from the previous week as exporters reportedly continued to secured rice supplies to fulfill contract shipments.
Rice export prices further dropped 3-4 percent from the previous week, except for fragrant rice prices.
Rice export prices, particularly white and parboiled rice, dropped 5-11 percent from the previous week due to competition from Indian rice and the weakening of the Thai baht.
FAS/Bangkok (Post) forecasts MY 2024/25 sugar production to increase to 10.2 MMT. MY 2023/24 sugar exports are likely to decline 26 percent due to competition from Brazil. Post expects sugar exports to double in MY 2024/25 from MY 2023/24 in anticipation of tight exportable sugar supplies in the major exporting countries.
Rice export prices further dropped 1-6 percent from the previous week in response to the removal of India’s rice export ban, despite the strengthening of the Thai baht.
This report provides an overview of Thailand’s food retail sector along with the latest market updates. Thailand's retail industry continued to evolve and improve, driven by increasing consumer demand for convenience.
Rice export prices remain unchanged as traders are waiting for the sale of the government retenders for the remaining rice stocks on August 29-30.
MY2018/19 rice and corn production should increase due to expanded acreage and favorable weather conditions.
Rice export prices declined around 1 percent due to a lack of new inquiries as traders are awaiting the results of the last government rice tenders in 2018.
Rice export prices increased 2 to 3 percent in anticipation of new white rice demand from China.
Rice export prices further increased 1 to 2 percent due to the demand for white rice from China and the Philippines.
On July 13, 2018, The Ministry of Public Health Notification No. 388 Re: Prescribed Prohibited Food to be Produced, Imported, or Sold, which bans partially hydrogenated oils (PHOs)....