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Export prices increased significantly, particularly for fragrant rice, due to several new inquiries while at the same time exporters are securing rice supplies to fulfill their shipments to Iran.
On April 4, 2017, the National Legislative Assembly (NLA) passed the Marketing Control on Food for Infants and Young Children Act (Milk Code) to restrict the marketing of food for infants and....
Export prices increased around one percent due to the strengthening Thai baht.
MY2017/18 sugar production is expected to recover to 11.2 million metric tons, up 12 percent from 10 million metric tons in MY2016/17.
Export prices increased around one percent due to new inquiries for white rice.
Export prices increased around one percent as the Thai baht strengthens.
Growing feed demand driven by expanding livestock and poultry sectors is expected to generate increased import demand for soybeans in MY2017/18 and soybean meal in MY2016/17 and 2017/18.
MY2017/18 cotton imports are forecast to increase three to four percent from MY2016/17 in anticipation of a sustained recovery by spinning mills that have been in a downturn since 2014.
Export prices increased around one percent due to the strengthening Thai baht.
Export prices remain unchanged as the strengthening Thai baht offset the downward pressure on domestic prices from the seasonal harvest of off-season rice.
Export prices declined one to two percent due to the weakening of the Thai baht and anticipation for the upcoming tender for feed-quality rice stocks, which will be issued on March 23.
The recovery of MY2016/17 and MY2017/18 rice production as well as the sale of government rice stocks should maintain Thai rice export competiveness in 2017 and 2018.