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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.

The 2024 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world during the 2024 calendar year.

Production of wheat, corn, barley, and oats is forecast to increase two percent year-over-year to 62.7 million metric tons (MT) in MY 2025/26 and area planted to grains will increase 2.2 percent year-over-year to 27.5 million hectares, according to Statistics Canada’s planting intentions survey.

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

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.

The wheat-growing regions of the Prairie Provinces experienced improved soil moisture conditions going into the winter months and during the first three months of winter.

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.