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Export prices are declining, particularly for fragrant rice, as the majority of new-crop supplies are entering the market. In response, the government has increased the intervention price...
Rice prices have trended downward as MY2016/17 main-crop rice supplies have begun to enter the market.
New regulations will change inspection fees for imports of uncooked meat and slaughtering fee ceilings (the equivalent to inspection fees) for domestic livestock.
Export prices increased one percent due mainly to the strengthening Thai baht. Prices remain under downward pressure despite government measures to keep new-crop rice off the market.
Export prices further declined one to two percent due to weak demand even though the first shipment under the government-to-government agreement with China is set to take place next week.
Export prices increased two to four percent due to new enquiries for parboiled rice amid tight supplies of white rice paddy for parboiled rice production.
Export prices further declined one to two percent due to the weakening Thai baht and low foreign demand.
Export prices further declined one to two percent due to a lack of new inquiries as traders are awaiting bumper supplies of new-crop rice to enter the market in November.
MY2016/17 sugar production is revised down to 9.3 million metric tons, a five percent reduction from MY2015/16 due to severe drought during growing stage of sugarcane crop.
MY2016/17 rice and corn production are revised up due to favorable weather conditions. Bumper rice production is expected in MY2016/17, as a result of an anticipated full recovery in the off-season...
Export prices were virtually unchanged due to quiet trading.
Export prices declined one to two percent from the previous week as supplies of new main-crop rice have begun to enter the market.