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Rice export prices remain unchanged despite the appreciation of the Thai baht against the U.S. dollar, except for parboiled and fragrant rice prices which increased 1-2 percent, following the steady export demand.

FAS Bangkok forecasts Thailand’s rice and corn production to increase in MY 2024/25 due to acreage expansion and average yield improvement, compared to MY 2023/24.

The report details the Department of Agriculture's regulation on the criteria, methods, and conditions for certifying genome-edited plants. This regulation enables Thailand to access new plant varieties, enhancing the country’s ability to address food security and climate change challenges.

The South African Department of Agriculture is in the process of finalizing requirements related to “control management systems,” which may include additional requirements of documentation to support label claims for imported food products.

On July 19, 2024, the South African government published a new sugar import tariff of R1,093 per metric ton (US$60.09/MT). This tariff change was triggered by a downward trend in global sugar prices and will apply to sugar imported into the Southern Africa Customs Union (SACU).

Rice export prices increased 2-4 percent due to the strengthening of the Thai baht and strong export demands for Thai rice.

Rice export prices dropped one percent despite the strengthening of the Thai baht.

Thailand has finally established legislation on the certification of organisms developed using genome editing technology for agricultural use. The country aims to better align with international standards and practices and enhance its competitiveness of agricultural products in the global economy.

In July 2024, falling global wheat prices triggered a wheat import duty of Rand 176.30 (USD 9.70) per metric ton for South Africa ending more than three years of duty-free imports. The higher import duty was introduced amid a 7 percent drop in wheat planted area for marketing year 2024/25.

Rice export prices dropped one percent despite the strengthening of the Thai baht.

Rice export prices increased one percent due to the strengthening of the Thai baht.