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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 at high levels due mainly to new inquiries for immediate shipments driven by the coronavirus outbreaks.

Rice export prices further increased 2-4 percent to a six-year record high due to a continued surge in domestic rice paddy prices that offset the weakening of the Thai baht.

MY2020/21 rice and corn production are expected to recover to record levels following lower production levels in MY2019/20 caused by adverse weather conditions and pest outbreaks.

Rice export prices spiked 6-7 percent due to a strong demand for white and parboiled rice to fulfill contracted shipments, mainly to African countries.

Rice export prices increased 1 to 2 percent due to tighter supplies of white paddy rice and the strengthening of the Thai baht.