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- (-) September 2015
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Export prices declined around 1 to 2 percent as new supplies of main-crop rice entered the market.
Livestock and livestock products is a significant industry in Australia and accounts for one fifth of farm production while beef farms manage three quarters of all agricultural land.
Export prices declined around 1 percent due to the sales of government stocks. The Thai Government sold 246,793 metric tons of its rice tender issued on September 8.
Export prices declined around 1 to 3 percent in anticipation of the sales of government stocks and continued weakening of the Thai baht.
Thailand made some progress in 2015 on laying out a draft regulatory framework on adopting agricultural biotechnology.
The Australian federal government is very supportive of biotechnology and has committed considerable long-term funding to research and development.
The Australian Department of Agriculture has released the draft Biosecurity (Biosecurity Import Risk Analyses) Regulation 2015 (BIRA regulation) for public consideration.
Export prices for nearly all grades of rice, except fragrant rice, declined further from the previous week’s level due to continued weakening of Thai baht.
Unlike in 2014, the Thai broiler industry in 2015 has encountered much lower profitability due to a sharp decline in broiler prices.