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Rice export prices remained unchanged as higher domestic rice prices offset the depreciation of the Thai baht.

Thailand’s food and beverage industry contributes significantly to the country’s economy. The country aims to be one of the world top ten processed food exporters by 2027 and a key global player in the “Future Food” market.

Rice export prices increased 2-3 percent, reflecting new inquiries that offset the depreciation of the Thai baht.

Rice export prices increased 2-3 percent due to the strengthening of the Thai baht which offset the downward pressure on domestic rice prices.

Post forecasts MY2022/23 cotton imports to increase 4 percent but remain well below the 5-year average annual import demand from MY2017/18 – MY2021/22 in anticipation of slow economic recovery in 2023.

Post forecasts that MY2023/24 rice production will reach a five-year record of 20.4 million metric tons due to abundant water supplies and attractive farm-gate prices.

Rice export prices decreased 1 percent as new supplies of MY2022/23 off-season rice continued entering the market.

Rice export prices increased 1 percent.

Rice export prices declined 1-2 percent due to the weakening of the Thai baht.

Thailand has witnessed tremendous e-commence growth over the past three years. Online grocery services have become one of the fastest-growing e-commerce categories in the country.

Rice export prices declined 2-5 percent due mainly to the weakening of the Thai baht.

Rice export prices declined 2-5 percent as new supplies of MY2022/23 off-season rice entered the market.