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Export prices declined around 1 percent in anticipation of additional sales of government stocks. The government expects to issue a new public tender in early June.
Export prices declined around 1 percent in anticipation of additional sales of government stocks. The government expects to issue a new public tender in early June.
This week’s export prices declined 2-3 percent due mainly to further weakening of the Thai baht versus the U.S. dollars.
Export prices declined around 1 percent due to the weakening of the Thai baht. Traders expect the government will issue a new tender in late May.
The report is the pesticide maximum residue limit (MRL) legislation in Thailand. The list of banned pesticides is also updated as of April 30, 2015.
Larger MY2014/15 second off-season rice production will likely offset the impact of drought on the first off-season rice crop.
After rising for several weeks, rice prices declined to late March levels as supplies of offseason rice continue coming into the market.
Export prices are steady due to light trading ahead of an expected government tender announcement in the week of March 2. Sources indicate the upcoming tender is likely to include only white rice.
Export prices declined only around 1 percent due to lower-than-expected sales of government stocks. A new government tender for 1 million metric tons is expected by February 27.
Export prices are steady while traders wait for the result of the one million metric ton rice tender.
On 29 December, 2014, the Ministry of Finance issued a Notification providing further preferential duty reduction schedules under Section 12 of the Customs Tariff Decree B.E. 2530 for imported seafood
Thai rice exports reached a record 11 million metric tons in 2014 driven by the sales of government stocks.