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FAS Bangkok revised its forecasts for MY2022/23 rice production higher to 20.2 million metric tons due to abundant water supplies and attractive farm-gate prices for off-season rice production. Thai rice exports in 2022 were higher than expected at 7...

The Ministry of Public Health (MOPH) Notification No.431 B.E. 2565 (2022) RE: Foods Derived from the Genetically Modified Organisms and Ministerial Notification No.432 RE: Labeling of GM Foods went into force on December 4, 2022.

Rice export prices increased slightly due to the strengthening of the Thai baht.

Rice export prices rose 2-5 percent higher due to exporters’ concerns about the strengthening of the Thai baht.

Rice export prices increased 4-6 percent due to the strengthening of the Thai baht.

Quotations are not available this week due to the New Year’s holiday.

This guide serves as a resource for U.S. companies seeking to do business in Thailand and provides market overviews, practical tips and information on local business practices, consumer preferences, and trends. This report also identifies opportunities and entry approaches for the three major market sectors (food retail, food service, and food processing).

Export prices increased 1-2 percent due to the strengthening of the Thai baht.

Export prices increased 3-4 percent due to new inquiries for new-crop rice supplies ahead of the holidays.

Export prices decreased one percent despite the continued strengthening of the Thai baht.

The forecasts for MY2022/23 rice and corn production remain unchanged from the previous forecasts, as well as corn and wheat import demand.

Export prices increased 1-3 percent due to the further strengthening of Thai baht and new inquiries.