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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 due to quiet trading activities.
The Cabinet agreed to allocate a budget of 60.36 billion baht (U.S. $1.98 billion) for three agricultural price subsidy programs for small rice and oil palm farmers.
Rice export prices remain unchanged as exporters are concerned about current exchange rate volatility.
While a dry spell caused marginal damage on rice and corn production in MY2019/20, the impact of fall armyworm infestation adversely affected corn production to a greater extent.
Thailand’s chicken production, domestic consumption, and exports are expected to further grow in 2019 and 2020.