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Export prices declined 1 to 4 percent due to larger available supplies during the peak harvest, particularly for new crop white and fragrant rice.
Export prices remain unchanged. Exporters are securing rice supplies as main crop rice production is entering the market.
The Thai Ministry of Agriculture and Cooperatives released a new draft amendment of the Thai Plant Variety Protection Act to reconcile the Thai Plant Variety Protection Act....
Farmgate prices for rice and corn are under downward pressure as MY2017/18 supplies enter the market.
Export prices for the most part remain unchanged.
The Thai Excise Department implemented for first time ever, an excise sugar tax on certain beverages to reduce consumption of sugar and to increase health consciousness.
Export prices further declined 1 percent as supplies of MY2017/18 main crop white rice are reportedly entering the market.
Export prices further declined 3 to 4 percent mainly due to a reduced demand from foreign buyers.
Export prices declined 1 to 3 percent due to a lack of new inquiries.
MY2017/18 sugar production will likely increase to 11.2 million metric tons, up 12 percent from MY2016/17 due to favorable weather conditions.
Despite some flooding, the forecast for MY2017/18 rice production is unchanged at 20.4 million metric tons.
Export prices increased around one percent due to the strengthening Thai baht.