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- (-) August 2023
- (-) September 2021
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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 all grades of rice remained unchanged despite a further weakening of the Thai baht against the U.S. dollar.
MY2021/22 rice production remains unchanged at 21 million metric tons. Post revised down Thai rice exports to 5.8 million metric tons in 2021 due to high freight costs and a lack of available shipping containers.
Export prices of white and parboiled rice declined 1-2 percent due to a further weakening of the Thai baht against the U.S. dollar.
Thailand’s pet food market experienced steady growth due to the rise of “pet humanisation” and an increasing cat population.
Export prices of all grades of rice remain unchanged despite the weakening of the Thai baht against the U.S. dollar and slow trading activities.
Post expects chicken meat production to increase slightly in 2021 with sluggish domestic and export demand and supply disruptions from the prolonged outbreak of COVID-19.
Plant-based diets and meat substitutes are gaining popularity and are capturing the interest of Thai consumers.