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Post forecasts marketing year (MY)2022/23 rice and corn production 2 percent higher than MY2021/22 figures, benefiting from sufficient water supplies and attractive farm-gate prices.

Rice export prices remain unchanged despite a further weakening of the Thai baht.

Rice export prices increased 4-5 percent due to concerns about Russia’s invasion of Ukraine.

Rice export prices increased 3 percent as exporters anticipate an increase in demand despite the weakening of the Thai baht to a one-month low.

Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.

The COVID-19 health crisis continues to change the behavior of consumers and shaping new trends in the food and restaurant industry. Restaurants and retail stores are producing new products and services that are based on the consumer trends towards health and wellness.

Rice export prices decreased 2-3 percent due to the weakening of the Thai baht and new supplies of MY2021/22 off-season rice entering the market.

Rice export prices increased 1-4 percent due to the strengthening of the Thai baht.

Export prices of most grades of rice declined 2-5 percent despite the strengthening of the Thai baht.

Export prices of white rice increased 1 percent due to the strengthening of the Thai baht.

Rice prices remain unchanged despite the weakening of the Thai baht as most businesses were closed for the Lunar New Year holiday.

Post forecasts a 31-percent increase in Thai rice exports and a 17-percent decline in corn imports.