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Export prices declined to the same price levels as seen in mid-May.
Effective on June 12, 2017, the Thai FDA has established maximum levels (MLs) of Annatto Extracts (INS160b(i) and INS160(ii)) for certain dairy products.
Export prices declined three to four percent due to a lack of new inquiries following uncertainties about the sale of government stocks.
Rice production is expected to be larger than previously forecasted in MY2016/17 and MY2017/18 due to attractive returns compared to corn.
Export prices declined two to three percent in response to the sale of government rice stocks.
Export prices began to level off this week due to fewer new inquiries and the near completion of the Iranian shipments.
Thailand is currently implementing their Alternative Energy Development Plan 2015 (AEDP 2015).
Export prices reached a five-year record increasing for the sixth straight week due to numerous inquiries and the strengthening Thai baht.
Export prices have increased five straight weeks due to new inquiries and the strengthening Thai baht.
Export prices further increased one to two percent due to the strengthening of the Thai baht.
MY2017/18 cultivation for main-crop rice and corn is occurring much sooner than MY2016/17 cultivation due to favorable rainfall and sufficient reservoir levels.
Export prices further increased four to six percent, except for fragrant rice prices, which remained steady.