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Slow feed demand growth will limit Thailand’s imports of soybean meal in MY2017/18 and MY2018/19, but have less impact on Thai imports of soybeans.

On March 14, 2018, the Thai Excise Department issued a new Excise Department Notification which extended by six month the timeline for the full implementation of the Certificate of Analysis....

Rice export prices increased by 2 percent due to the strengthening Thai baht, which offset declines in farm-gate rice prices.

MY2018/19 rice and corn production are expected to reach record highs due to acreage expansion driven by attractive farm-gate prices.

Export prices declined by 1-3 percent as supplies of off-season rice have begun to enter the market.

Export prices increased by 1 percent in response to new demand for white rice under the government-to-government agreement with China.

Export prices remain unchanged due to market inactivity. The government delayed its plan to issue a tender for the remaining rice stocks until April.

Export prices of white and parboiled rice further declined by 1 to 2 percent while prices for fragrant rice continued to increase.

Export prices declined significantly by 5 to 10 percent as foreign buyers are waiting for new supplies of MY2017/18 off-season rice which will enter the market in the next couple of weeks.

Export prices of most grades of rice further declined 2 percent, except for fragrant rice prices which continued to increase due to tighter domestic supplies.

Despite the further strengthening Thai baht, export prices of white rice declined 1 percent due to no new inquiries.

Export prices further increased 3 to 5 percent due mainly to the demand for white rice from Indonesia.