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Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.

Rice export prices remain unchanged despite the weakening of the Thai baht.

Rice export prices increased 1-7 percent due to the strengthening of the Thai baht.

Rice export prices decreased 1-2 percent due to the weakening of the Thai baht.

Rice export prices increased around 1 percent from the previous week due to strong demand for white and parboiled Thai rice.

Export prices of white rice increased 7-8 percent from the previous week despite a further weakening of the Thai baht.

Despite the weakening of the Thai baht to a four-month low, rice export prices increased 1-3 percent as exporters sought rice supplies to fulfill contracted shipments.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Rice export prices remain unchanged as most rice businesses are closed until next week due to the Thai New Year's holiday.

Sugar production recovered to normal levels between 10 and 11 million metric tons in MY2021/22 and will remain at those same levels in MY2022/23 due to high fertilizer costs and limited acreage expansion. The recovery in exportable sugar supplies will help boost raw and refined sugar exports in MY2021/22 and MY2022/23.