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Export prices increased approximately 1 percent as exporters are seeking white rice supplies for the new shipments under the government-to-government agreement with China.

Export prices were steady over the past week. The Ministry of Energy is considering conducting a feasibility study on the use of non-food grade rice stocks for ethanol production.

Export prices increased one to three percent mainly due to a correction in domestic prices. New inquiries over the past week were limited to just small shipments.

Export prices rebounded to pre-harvest levels. Also, the cabinet approved the expansion of the pledging program to include all MY2016/17 main-crop rice varieties.

The majority of main-crop rice and corn supplies have entered the market creating downward pressure on farm-gate prices.

The report provides an update on the Biosafety Act legislation in Thailand. The report also provides information on possible labeling regulation changes for manufactured/imported foods containing...