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 4 percent as exporters are fulfilling large-volume contracted shipments.

The overall Thai economy is projected to slow down significantly due to the COVID-19 pandemic.

The outbreak of COVID-19 led to a decline in domestic demand for several food products, while other products experienced a surge in demand and temporary benefits.

The COVID-19 outbreak beginning in January 2020 is now under control, but the economy is moving towards recession as businesses lose revenue and households lose income from supply chain disruption...

The Thai Food and Drug Administration (FDA) has issued guidelines to test imported fresh produce for pesticide residues according to the Notification of the Ministry of Public Health No. 387...