Browse Data and Analysis

The Thai Excise Department implemented for first time ever, an excise sugar tax on certain beverages to reduce consumption of sugar and to increase health consciousness.

Export prices further declined 1 percent as supplies of MY2017/18 main crop white rice are reportedly entering the market.

Export prices further declined 3 to 4 percent mainly due to a reduced demand from foreign buyers.

Export prices declined 1 to 3 percent due to a lack of new inquiries.

MY2017/18 sugar production will likely increase to 11.2 million metric tons, up 12 percent from MY2016/17 due to favorable weather conditions.

Despite some flooding, the forecast for MY2017/18 rice production is unchanged at 20.4 million metric tons.

Export prices increased around one percent due to the strengthening Thai baht.

Export prices increased 2-3 percent due to new inquiries for white and parboiled rice. Fragrant rice prices are now above U.S. $1,000/MT.

The Thai broiler industry in 2017 continued to enjoy favorable export growth and profitable export prices.

Export prices increased approximately 1 to 2 percent due mainly to the strengthening of the Thai baht and the delay of the new tender for the remaining government rice stocks.

Export prices for most grades of rice further declined 1 to 2 percent, except for fragrant rice prices which continued to increase significantly.

MY2017/18 rice and corn production is minimally affected by flooding during July – August 2017.