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Thailand’s export prices fell a further one percent as the Thai baht continues to weaken.
Post maintains its estimate of Algeria’s wheat plated area at just over 2 million hectares for the entire country. For the MY 2024/25, Post projects production for wheat and barley to remain in line with the current MY of 2.7 million MT of wheat and 1.02 million MT of barley.
In response to wheat prices that have surged in recent months and to build stocks, the Government of Morocco introduced a support program for the import of 2.5 million MT of common wheat.
Thailand’s export prices fell a further one percent as the Thai baht continues to weaken.
India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.
U.S. exports of consumer-oriented food products to Saudi Arabia increased 23 percent over the past year to a record $656 million due to expansions in online shopping platforms.
Thailand’s domestic and export prices dropped 1-3 percent in response to reduced demand and a further weakening of the Thai baht.
Thailand’s domestic and export prices grew 1-3 percent as demand for Thai rice surges in response to rice export bans by India and Burma.
FAS Bangkok estimates Thailand’s chicken meat production to marginally increase in 2023 amid a surge in exports, a slow recovery in the tourism sector and high feed costs.
Reflecting strong demand for Thai rice, domestic and export prices grew 1-3 percent this week.