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Rice export prices dropped 2-4 percent due to the weakening of the Thai baht despite a strong demand for Thai rice.

Rice export prices further increased 1-5 percent due to the strengthening of the Thai baht and tighter domestic rice supplies.

Rice export prices further increased 2-3 percent mainly due the strengthening of the Thai baht.

Vietnam offers abundant opportunities for exporting consumer-oriented products, despite the challenges of recovering from the COVID-19 pandemic and dealing with high inflation. The Vietnamese economy is poised for significant expansion in the coming decades. With a burgeoning population and a growing middle class, Vietnamese consumers are becoming more discerning about the origin and composition of their food.

Rice export prices increased 2-3 percent due to strong demand for Thai rice and the strengthening of the Thai baht.

MY 2024/25 sugar production is expected to recover from a 20 percent slump in MY 2023/24. Sugar consumption growth will likely decelerate in MY 2023/24 and MY 2024/25, following Thailand’s slow economic recovery and shrinking sugar demand by non-alcoholic beverage manufacturers due to the progressive sugar tax.

Rice export prices slightly increased despite the further weakening of the Thai baht.