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Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.

Rice export prices decreased due to the weakening of the Thai baht.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.

Rice export prices remain unchanged despite the weakening of the Thai baht.

Rice export prices increased 1-7 percent due 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.