Browse Data and Analysis

Thai rice exports declined amid rising global supply and lower imports by major buyers. While fragrant rice prices saw a slight rise, prices for most other grades fell.

Major bulk commodities, as a share of total U.S. agricultural exports, have risen and fallen dramatically since 2020. Beyond short-term price volatilities that have largely driven these developments, changes to the largest overseas market and an increasingly competitive landscape also affect the prospect for major U.S. bulk exports.

Thai rice export prices are trending up, with the premium grades, such as Hom Mali rice, showing the most significant increase.

Thai export rice prices experienced downward pressure and then slightly recovered after Songkran holidays, reflecting tariff changes and adjustments in the global rice market.

Unfavorable weather conditions in autumn 2024 resulted in decreased winter wheat area. Functioning maritime logistics in MY2023/24 and the first half of MY2024/25 kept shipping rates stable and have allowed Ukraine to quicky and cost efficiently export large volumes of commodities to distant markets.

FAS Bangkok forecasts stability, with modest growth expected in rice and corn production, supported by favorable weather and strong domestic demand.

All grades of Thai rice have experienced downward pressure on both domestic farm-gate and export prices.

Post’s marketing year (MY) 2024/25 production estimate for all grains is 13 percent lower than its MY2023/24 estimate. With MY2024/25 beginning stocks at minimum levels, Post’s export estimates are 26 percent lower than its estimates for the previous MY.

FAS Bangkok forecasts an increase in Thailand's rice and corn production in MY 2024/25 due to acreage expansion and average yield improvement.

Rice export prices dropped from the previous week.

Export prices of most grade of rice dropped from the previous week due to the weakening of the Thai baht, except for fragrant rice prices.

Export prices rose one percent from the previous week. Thai rice exports during January to October 2024 were up 20 percent from the same period last year.