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.

Sugar production in 2025/26 is projected to reach 6.6 million tons, which is 13.7 percent higher than the 2024/25 estimated production. This increase is based on expectations for improved sugar content and average cane yield.

Sugar cane production in MY 2026 is forecast at 10.25 million metric tons while cane sugar production is forecast to reach 1.3 MMT. Sugar exports from Peru in MY 2026 are forecast at 150,000 MT while the United States is the principal destination under the U.S. sugar tariff-rate quota program.

Wheat production is projected to fall to 27.5 million tons in 2025/26 due to a decrease in cultivated area and extremely dry weather. This shortfall in domestic production is expected to lead to increased imports, forecast at 1.7 million tons.

Aquaculture production in 2023 declined steeply to 105,091 metric tons (MT), a 25.43% decrease from 2022. The Peruvian aquaculture industry exported 4.5 million MT in 2023, a decrease of 12.56% from 2022 levels.

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

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.

Following the resumption of genetically engineered soybean imports after two years, soybean imports are forecast to rebound to 2 million tons in 2025/26. With a slight increase in domestic production expected, rapeseed imports are forecast to decline.

Peru boasts a thriving food processing industry that plays a crucial role in its economy. This sector contributes approximately 27 percent to the country's industrial gross domestic product.

Driven by a minor increase in area and assuming average yields, cotton production is expected to increase somewhat in 2025/26. With expectations for continued strong export demand, domestic use is forecast to grow modestly in 2025/26.

Wheat production in MY 2025/2026 (July-June) is forecast at 217,000 metric tons (MT), reflecting a slight increase compared to the previous year's estimate. Wheat imports in MY 2025/2026 are forecast at 2.2 MMT.