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Export rice prices increased 2-5 percent from the previous week.
FAS/Bangkok successfully negotiated with the Thai Food and Drug Administration to accept the Global Seafood Alliance’s Best Aquaculture Practices (BAP) seafood processing standard – Issue – 5.1 for U.S. seafood exports to Thailand.
Rice export prices increased 5-6 percent mainly due to the strengthening of the Thai baht and new inquires.
This report lists certificates required by Thai government agencies for U.S. products exported to Thailand, including fruit and vegetables, live animals, beef, canned or preserved meat and poultry products, other processed meat products, processed or frozen seafood, hides and skins, distillers dried grains, live animals, and any food that undergoes a production process (i.e., make, mix, prepare and re-packing).
ASF outbreak was officially confirmed in Thailand on January 11, 2022. Swine production is expected to decline by 35-40 percent in 2022, causing an upward price pressure on pork meat which is expected to increase around 30 percent compared to 2021.
Export prices of most grades of rice decreased one percent as the Thai baht weakens.
Export prices of most grades of rice increased one percent due mainly to the strengthening of the Thai baht.
Rice export prices remain unchanged despite further strengthening of the Thai baht.
Rice export prices increased slightly due to further strengthening of the Thai baht.
Rice export prices further declined 1 percent as supplies of off-season rice are entering the market.
The MY2018/19 rice and corn production forecast remains unchanged as the acreage that has shifted from off-season rice to corn cultivation is far below the government’s target.
Quotations are not available this week due to the New Year’s holiday.