Browse Data and Analysis

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

Export prices rose 1-3 percent from the previous week as the Thai baht strengthened and exporters continued to secure the rice supplies to fulfill contract shipments.

Import permits for genetically engineered (GE) corn from the United States are once again issued by South Africa. After a mid-summer drought that caused a 22 percent drop in production, South Africa needs to import corn to supplement domestic production.

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.

Post received confirmation on United States genetically engineered (GE) soybean eligibility to enter South Africa. After a mid-summer drought, South Africa needs corn and soybean imports to complement local production. South Africa allows for the importation of synchronized GE event approvals from an exporting country.

Rice export prices dropped 1-3 percent from the previous week as the weakening of the Thai baht and the new crop MY 2024/25 paddy rice entered the market.

The Thai government has made significant progress in addressing food security and climate change challenges by advancing its biotechnology regulatory landscape. Recognizing the benefits of genome editing technology as a key driver for enhancing the competitiveness and value of the agricultural sector, Thailand has taken a major step forward.

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

The production of apples, pears and table grapes is forecast to improve in MY 2024/25 from MY 2023/24 based on the cold, wet winter of 2024 and new trees coming into production.

Wine grape production in 2025 is forecast to improve by five percent on favorable winter conditions, which will translate into a slight increase in wine production.

The lower corn crop in marketing year 2023/24, coupled with strong regional demand, especially for white corn, has prompted higher prices in Southern Africa.

Rice export prices dropped 1-5 percent from the previous week due to the weakening of the Thai baht and India’s removal of all export restrictions on non-Basmati white rice and on parboiled rice.