Browse Data and Analysis

The strengthening of the Thai baht and strong export demand pushed export prices of Thai rice slightly higher.

Export prices of Thai rice dropped 1-2 percent due to the weakening of the Thai baht and limited trading during the Thai New Year’s holiday.

Sugar production in MY2022/23 and MY2023/24 is still far below record production levels due to reduced sugarcane acreage.

Export and domestic prices of Thai rice increased two percent due to strong export demand for Thai rice and the strengthening of the Thai baht.

FAS Bangkok (Post) expects soybean imports to rebound in Marketing Year (MY) 2022/23 and further increase to around 4 million metric tons in MY2023/24, driven by strong demand for poultry and swine feed.

Rice export prices remained unchanged as higher domestic rice prices offset the depreciation of the Thai baht.

Thailand’s food and beverage industry contributes significantly to the country’s economy. The country aims to be one of the world top ten processed food exporters by 2027 and a key global player in the “Future Food” market.

Rice export prices increased around 1 percent as upward domestic price pressure more than offset the weakening of the Thai baht.

Analysts predict that the current severe drought in Thailand will cause losses in agricultural production estimated at approximately 26 billion Thai Baht (U.S. $840 million)....

Rice export prices remain unchanged at high levels due to tight domestic supplies.

Rice export prices remained unchanged, expect for parboiled rice prices, which increased 1 percent as exporters are fulfilling their shipment contracts to African countries....

Rice export prices further declined 1 to 2 percent due mainly to the weakening of the Thai baht.