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- (-) November 2023
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Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...
Export rice prices increased 3-13 percent due to the strengthening of the Thai baht which offset the downward pressure on domestic rice prices.
Export rice prices fell by 1-3 percent as the Thai baht weakened and new paddy rice crop entered the market.
Export rice prices rose 1-2 percent due to the strengthening of the Thai baht.
Export rice prices dropped 1-3 percent despite the strengthening of the Thai baht as the new crop MY2023/24 paddy rice entered the market.
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...