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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.

There are no changes to rice and corn production and imports, nor wheat imports for MY 2023/24.

Export and domestic rice prices increased 1-2 percent due to continued demand for Thai rice and the strengthening of the Thai baht.

Post forecasts that, despite recent heavy rainfall in major producing provinces that has impacted quality, total wheat production in the People’s Republic of China (PRC) will be comparable in quantity to the previous year due to higher area planted and harvest completion in June.

The FAS/Seoul June 2023 Grain and Feed update covers changes to the Korean rice situation since the March 2023 Grain and Feed Annual report. Marketing year 2022/23 production and consumption will be unchanged, with a small decline in imports.