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The Cabinet agreed to allocate a budget of 60.36 billion baht (U.S. $1.98 billion) for three agricultural price subsidy programs for small rice and oil palm farmers.
Rice export prices remain unchanged as exporters are concerned about current exchange rate volatility.
While a dry spell caused marginal damage on rice and corn production in MY2019/20, the impact of fall armyworm infestation adversely affected corn production to a greater extent.
Thailand’s chicken production, domestic consumption, and exports are expected to further grow in 2019 and 2020.
Rice export prices declined by 2 percent due to a lack of new inquiries and a slowdown in the contracted large-volume shipments.
Rice export prices further increased 3 percent due mainly to strong export demand for new-crop white rice to Malaysia.
Rice export prices further increased 1 percent as exporters are fulfilling contracted shipments of old-crop white and parboiled rice to African countries.
Rice export prices further increased 2 percent driven by the contracted shipments of parboiled rice exports to African countries and domestic speculation on the rice market. Thailand: Rice Price - Weekly
Rice export prices increased around 1 percent due to the strengthening Thai baht.
Rice export prices remain unchanged as traders are awaiting the issuance of a new tender for the remaining government rice stocks.
Rice export prices remain unchanged as traders are awaiting the new tenders for government rice stocks to be issued next week.
On June 5, 2019, the Excise Department issued a notification on the required quality standards.