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- (-) August 2022
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Posts forecasts that marketing year (MY) 2022/23 rice production will increase for the third consecutive year due to available water supply and abundant precipitation. High prices of chemical fertilizers and other inputs will likely impact corn production and yield as farmers apply less chemical fertilizer this season.
Rice export prices decreased 1-2 percent due to the weakening of the Thai baht.
The successful physical U.S. pavilion at Thaifex Anuga Asia 2022 featured a variety of U.S. food and beverages products and partnered with nine U.S. cooperators and one state department of agriculture as well as 16 importers. Thaifex Anuga Asia was well attended this year with over 51,000 visitors.
Rice export prices increased 2-4 percent due to the appreciation of the Thai baht.
Rice export prices remain unchanged despite the strengthening of the Thai baht.
Rice export prices increased one 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.