Browse Data and Analysis

Thai export rice prices experienced downward pressure and then slightly recovered after Songkran holidays, reflecting tariff changes and adjustments in the global rice market.

MY 2025/26 sugar production is expected to further increase 2 percent from MY 2024/25. MY 2024/25 sugar demand by industrial uses is likely to decline significantly due to the Chinese ban on Thai sugar syrup exports.

Vietnam’s livestock and aquaculture sectors expanded in Calendar Year (CY) 2024 on steady economic growth and lower feed prices. Feed importers have increased purchases and diversified suppliers.

FAS Bangkok forecasts stability, with modest growth expected in rice and corn production, supported by favorable weather and strong domestic demand.

Cotton imports are forecast to grow by six percent to 7.6 million bales in marketing year (MY) 2025/26 based on expected growth in the textile and yarn sector.

MY 2025/26 soybean crushing demand to grow at a slower pace of two percent due to slow economic recovery with uncertainties from the U.S. reciprocal tariff measures.

Sugar production and exports in Honduras are expected to increase in MY 2025/26, driven by higher yields, expanded harvest areas, and greater investment.

On March 31, 2025, the Government of Vietnam (GVN) issued Decree 73/2025/ND-CP, reducing the Most-Favored-Nation (MFN) import tariff rates on corn, soybean meal, ethanol, frozen chicken drumsticks, in-shell pistachios, almonds, fresh apples, cherries, and raisins. The decree takes effect immediately.

The Vietnamese food processing industry grew by 7.4 percent in 2024 to $79.3 billion and food ingredient demand is expected to remain strong.

Vietnam’s soybean crushers are expanding capacity with new production lines coming online in the 2024/25 and 2025/26 marketing years.

Sugar production and exports are projected slightly up in marketing year (MY) 2025 (October 2024 to September 2025) because of the increase in productivity yields, harvested area, and additional investments made in the sugar sector and increased exports.

On February 18, 2025, Vietnam's National Assembly approved a major government restructuring, consolidating ministries and agencies, eliminating certain National Assembly and Party committees, and dissolving multiple state-run organizations to streamline operations and support economic growth.