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Export prices increased by 1 percent in response to new demand for white rice under the government-to-government agreement with China.
Export prices remain unchanged due to market inactivity. The government delayed its plan to issue a tender for the remaining rice stocks until April.
Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.
Export prices declined significantly by 5 to 10 percent as foreign buyers are waiting for new supplies of MY2017/18 off-season rice which will enter the market in the next couple of weeks.
Export prices of most grades of rice further declined 2 percent, except for fragrant rice prices which continued to increase due to tighter domestic supplies.
Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.
Export prices further increased 3 to 5 percent due mainly to the demand for white rice from Indonesia.
MY2017/18 corn production is revised up to 5 million metric tons which is 4 percent lower than production in MY2016/17.
Export prices further increased 3 to 5 percent due mainly to the demand for white rice from the Indonesia government.
This report contains information about Thailand’s food service industry.
Domestic and export rice prices did not change from the previous week. The Thai government finalized the sale of 1.96 million metric tons of rice stocks.
This guide serves as a resource for U.S. companies seeking to do business in Thailand and provides practical tips and information on local business practices, consumer preferences and trends....