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Export prices for most grades of white rice remained unchanged. The government sold 203,000 metric tons of rice stocks as expected by traders last week.
The Thai Government is considering measures to support MY 2014/15 rice prices but at much lower prices than in previous years and with stricter conditions.
Export prices of white rice declined 2 to 3 percent in anticipation of further sales of government stocks from the public tender on Tuesday, October 28.
Export prices declined slightly in anticipation of a new public tender this week.
The Thai Food and Drug Administration has issued a new food labeling law for pre-packed food replacing the current food labeling notification, Ministry of Public Health Notification No. 194.
Export prices remained unchanged from the previous week. The government is likely to issue a new public tender next week.
Export prices declined 1 to 2 percent due to the sales of government stocks and the weakening of the Thai baht this week. The government continues to sell its rice stocks only for export.
MY2014/15 sugar production in Thailand is revised down to 10.2 million metric tons due to drought- reduced sugarcane production and a lower extraction rate.
Export prices declined around 1 percent due to the sales of government stocks. The result of the second public tender has been finalized and new tenders will be exclusively for exporters.
Export prices increased 1 to 2 percent due to tighter domestic supplies.
Export prices declined 1 to 4 percent due to the expected upcoming sale of government rice stocks and the weakening of the Thai baht.
Export prices increased 1 to 4 percent due to announcement of a smaller-than-expected rice tender by the government.