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Philippine President Ferdinand Marcos Jr. signed Republic Act (R.A.) No. 12078 on December 9, 2024, which extended the implementation of the Rice Competitiveness Enhancement Fund (RCEF) until 2031.

The Philippine Food and Drug Administration (PFDA) reiterated its jurisdiction on the regulation of veterinary drug products. The PFDA clarified that it shall regulate finished products for therapeutic purposes for animals, including veterinary drugs, medicated feed products, and antimicrobials.

Rice export prices dropped from the previous week.

Thailand’s foodservice is expected to grow by 7 percent this year with the market size of $32.85 billion, supported by store expansion and a recovery in tourism sector.

Export prices of most grade of rice dropped from the previous week due to the weakening of the Thai baht, except for fragrant rice prices.

The report outlines the Department of Livestock Development's regulation on the criteria, methods, and conditions for certifying animals developed using genome editing technology. This regulation enables Thailand to access new animal breeds, enhancing the country's ability to improve livestock production and address challenges related to food security and sustainable agriculture.

FAS Manila forecasts lower milled rice production in Marketing Year (MY) 2024/25 compared to MY 2023/24 due to a series of weather disturbances. FAS Manila forecasts an increase in imports in MY 2024/25 to address reduced domestic production and increasing consumption attributed to population growth.

Reaching pre-pandemic levels in 2025, FAS Manila sees continued food service sales growth at 12 percent with the expansion of stores and customer queues in restaurants. As more consumers dine out, restaurant chains open new restaurants, cafes, kiosks...

Export prices rose one percent from the previous week. Thai rice exports during January to October 2024 were up 20 percent from the same period last year.

Export prices rose from the previous week due to the strengthening of the Thai baht and demand for new-crop rice supplies ahead of the holidays.

The Thai Food and Drug Administration announced on November 29, 2024, that it has repealed the requirement for certification of copies of verifiable export certificates for imported foods, including fresh fruit and vegetable shipments, into Thailand.

FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 in response to improvement in average yield due to higher water supplies, compared to MY 2023/24.