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Thailand’s domestic and export prices dropped 1-3 percent in response to reduced demand and a further weakening of the Thai baht.

Thailand’s domestic and export prices grew 1-3 percent as demand for Thai rice surges in response to rice export bans by India and Burma.

FAS Bangkok estimates Thailand’s chicken meat production to marginally increase in 2023 amid a surge in exports, a slow recovery in the tourism sector and high feed costs.

Reflecting strong demand for Thai rice, domestic and export prices grew 1-3 percent this week.

Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.

Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.

Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.

Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.

Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.

Export and domestic prices increased 1-6 percent due to the strengthening of the Thai baht and the continuing demand for Thai rice.

Export prices increased 4-6 percent mainly due to the strengthening of the Thai baht.

Export prices decreased 0.4-0.6 percent despite continued demand for Thai rice and the strengthening of the Thai baht.