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Rice export prices increased 1- 4 percent mainly due to the strengthening of the Thai baht.

The Thai Food and Drug Administration (Thai FDA) has announced on its website the proposal to approve and add more plants or plant parts for use as a raw material for tea infusion products to the existing approved list under the Notification of the Ministry of Public Health No. 426 B.E. 2564 (2021) Re: Tea Infusion.

Rice export prices increased 1-2 percent due to the strong demand for Thai rice and the strengthening of the Thai baht.

The steady demand for Thai rice from ASEAN countries slightly boosted rice export prices and offset the weakening of the Thai baht.

Rice export prices increased 2-4 percent as the Thai baht strengthened and new crop rice harvesting was nearly completed.

Thailand has yet to finalize its Biodiversity Act. Since December 4, 2022, the Thai Food and Drug Administration has enforced two notifications regarding GE (termed “Genetically Modified” or GM) food imports, production and labeling.

Rice export prices increased 2-5 percent as the Thai baht strengthened.

The strengthening of the Thai baht and strong export demand pushed export prices of Thai rice slightly higher.

Export prices of Thai rice dropped 1-2 percent due to the weakening of the Thai baht and limited trading during the Thai New Year’s holiday.

Sugar production in MY2022/23 and MY2023/24 is still far below record production levels due to reduced sugarcane acreage.

Export and domestic prices of Thai rice increased two percent due to strong export demand for Thai rice and the strengthening of the Thai baht.

FAS Bangkok (Post) expects soybean imports to rebound in Marketing Year (MY) 2022/23 and further increase to around 4 million metric tons in MY2023/24, driven by strong demand for poultry and swine feed.