Browse Data and Analysis

Rice export prices further dropped 2-6 percent from the previous week despite a strengthening of the Thai baht to a 19-month high.

Rice export prices further dropped one percent from the previous week.

Rice export prices dropped 1-3 percent from the previous week despite the strengthening of the Thai baht.

Rice export prices increased 1-6 percent from the previous week despite the weakening of the Thai baht against the U.S. dollar.

FAS Bangkok (Post) expects chicken meat production to increase slightly in 2024 due to limited supplies of day-old chicks and the slow recovery in domestic consumption amid strong export demand.

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.

Rice export prices remained unchanged as higher domestic rice prices offset the depreciation of the Thai baht.

Thailand’s food and beverage industry contributes significantly to the country’s economy. The country aims to be one of the world top ten processed food exporters by 2027 and a key global player in the “Future Food” market.