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- (-) August 2024
- (-) Thailand
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Rice export prices remain unchanged despite the appreciation of the Thai baht against the U.S. dollar, except for parboiled and fragrant rice prices which increased 1-2 percent, following the steady export demand.
FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24.
The report details the Department of Agriculture's regulation on the criteria, methods, and conditions for certifying genome-edited plants. This regulation enables Thailand to access new plant varieties, enhancing the country’s ability to address food security and climate change challenges.
Rice export prices increased 2-4 percent due to the strengthening of the Thai baht and strong export demands for Thai rice.
Rice export prices dropped one percent despite the strengthening of the Thai baht.
Thailand has finally established legislation on the certification of organisms developed using genome editing technology for agricultural use. The country aims to better align with international standards and practices and enhance its competitiveness of agricultural products in the global economy.
The United States is largest agricultural trading partner with Vietnam that does not have an FTA with Vietnam. The MFN tariff rates that apply to U.S. agricultural products are substantially higher than those stipulated in Vietnam’s many FTAs.
Rice export prices dropped one percent despite the strengthening of the Thai baht.
In MY 2023/2024, Vietnam’s rice production appears to be remained stable compared to previous year. Despite a slight decline in harvested areas because of climate change as drought and salt-instruction. By adjusting the crop calendar and adopting new rice high-yield, disease-tolerance rice varieties have led to higher yields compared to the previous year, thereby, offsetting losses from reduced harvested areas.
Rice export prices increased one percent due to the strengthening of the Thai baht.