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Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.
Rice export prices increased one percent due to the strengthening of the Thai baht that outweighed the downward pressure on domestic rice prices.
Thailand's food and beverage industry contributes significantly to the country's economy. Thailand aims to be one of the world's top ten processed food exporters by 2027 and a key global player in the "Future Food" market.
MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery.
Rice export prices dropped another 1-2 percent this week.
Posts forecasts that marketing year (MY) 2022/23 rice production will increase for the third consecutive year due to available water supply and abundant precipitation. High prices of chemical fertilizers and other inputs will likely impact corn production and yield as farmers apply less chemical fertilizer this season.
Rice export prices decreased 1-2 percent due to the weakening of the Thai baht.
The successful physical U.S. pavilion at Thaifex Anuga Asia 2022 featured a variety of U.S. food and beverages products and partnered with nine U.S. cooperators and one state department of agriculture as well as 16 importers. Thaifex Anuga Asia was well attended this year with over 51,000 visitors.
Rice export prices increased 2-4 percent due to the appreciation of the Thai baht.
Rice export prices remain unchanged despite the strengthening of the Thai baht.
Rice export prices increased one percent due to the strengthening of the Thai baht.