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- (-) August 2023
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Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.
Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.
Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.
Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.
Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.
Export prices of most grades of rice remained unchanged despite the strengthening of the Thai baht.
Export prices of white rice increased one percent despite the weakening of the Thai baht.
Rice export prices remained unchanged from previous week.
This guide serves as a resource for U.S. companies seeking to do business in Thailand and provides market overviews, practical tips and information on local business practices, consumer preferences and trends.
Rice export prices decreased 1-2 percent due to the weakening of the Thai baht against the U.S. dollar that offset the upward pressure on current domestic prices of paddy rice.
FAS/Bangkok (Post) revised MY2021/22 rice production down slightly to 20.8 million metric tons due to flood damage in the northeastern regions. Post expects Thai rice exports to increase to 5.8 million metric tons in 2021. Post forecasts MY2021/22...
MY2021/22 cotton import demand is expected to increase 9 percent, well below average annual import demand prior to the COVID-19 pandemic due to slow economic recovery. MY2020/21 cotton imports further declined 15 percent from MY2019/20. Imports of U...