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- (-) September 2020
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Rice export prices remain unchanged from the previous week.
Export prices further declined 2-4 percent due to the lack of new inquiries.
The current 20-year AEDP 2018 (2018 – 2037) revised down the biofuel consumption target, together with a gradual reduction in biofuel price subsidy between 2020 and 2022.
Export prices declined 2-4 percent due to lack of new inquiries and weakening of the Thai baht.
Export prices further increased 1 percent due to tight domestic supplies and continued exports to African countries.
MY2020/21 rice production is revised down to 18.6 million metric tons due to limited water supplies.