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Export and domestic prices increased 1-6 percent due to the strengthening of the Thai baht and the continuing demand for Thai rice.

Export prices increased 4-6 percent mainly due to the strengthening of the Thai baht.

Export prices decreased 0.4-0.6 percent despite continued demand for Thai rice and the strengthening of the Thai baht.

Export and domestic rice prices increased 1-2 percent due to continued demand for Thai rice and the strengthening of the Thai baht.

This report gives an overview of Thailand’s food retail sector and current market updates. Food and beverage sales are driving Thailand’s retail sector.

Thailand’s food and beverage industry contributes significantly to the country’s economy, accounting for one-fourth of the country’s gross domestic product. Major food exports include rice, canned tuna, sugar, meat, cassava products, and canned pineapple.

Social media has become an indispensable tool for marketing food and beverages in Thailand. Effective social media marketing is the key for growth in any food and beverage business; however, the social media landscape is changing continuously as new platforms and features emerge.

Post forecasts marketing year (MY)2022/23 rice and corn production 2 percent higher than MY2021/22 figures, benefiting from sufficient water supplies and attractive farm-gate prices.

Rice export prices remain unchanged despite a further weakening of the Thai baht.

Rice export prices increased 4-5 percent due to concerns about Russia’s invasion of Ukraine.

Rice export prices increased 3 percent as exporters anticipate an increase in demand despite the weakening of the Thai baht to a one-month low.

Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.