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- (-) November 2020
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Report Highlights: China’s Hotel, Restaurant, and Institutional (HRI) sectors recorded $687 billion in sales revenue in 2019, a 9 percent increase from the previous year.
In June 2020, China’s central government announced its economic masterplan to develop the south China island of Hainan into a Free Trade Port (FTP).
Rice export prices increased 4-6 percent due to new inquiries and the further strengthening of the Thai baht.
China’s pet food market is experiencing phenomenal growth that is expected to continue into the future.
Rice export prices remain unchanged as the continued appreciation of the Thai baht offset the downward price pressure during the harvest period.
China’s MY2020/21 fresh potato production is forecast at 99 million metric tons (MMT), a 3 percent increase over MY2019/20 primarily due to expanded acreage.
China’s retail sector continues to grow to new highs as the number of middle-class consumers keeps growing.
Thai rice prices are under downward pressure as supplies of MY2020/21 main-crop rice began entering the market.
Rice export prices remain unchanged.
The forecast for China’s corn imports for Marketing Year (MY) 2020/2021 is increased from 7 million metric tons (MMT) to 22 MMT.
Thailand’s sugar syrup exports to China increased more than twelvefold by volume in the first eight months of 2020 when compared to the same period in 2019.
The Ministry of Natural Resources and Environment anticipates that the Biodiversity Law, which includes biosafety regulations covering research, field trial, and...