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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.
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.
Paraguay’s wheat exports inn marketing year (MY) 2025/26 are forecast at 550,000 metric tons (MT), edging up slightly from the previous year, supported by a modest expansion in planted area even as yields may decline marginally.
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.
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.
Export prices rose from the previous week due to the strengthening of the Thai baht and demand for new-crop rice supplies ahead of the holidays.
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.