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Export prices were virtually unchanged from the previous week. The Government will issue a new public tender for non-food grade rice for industrial use by the end of November.

Despite the weakening Thai baht, export prices increased 1 percent as G-to-G agreement with Indonesia has been signed and shipments are beginning immediately.

Continued growth in Thailand livestock and poultry sectors is fueling larger-than-expected growth in soy protein demand.

Export prices declined around 1 percent due to quiet trading activities. Thai and Chinese Governments have finalized the delivery details of the 8th shipment under the 2014 G-to-G agreement.

Water restrictions for MY2015/16 off-season rice remain in place as current water supplies available for all uses are far below 2014.

TH5132 – Export prices declined around 1 percent as the rumored G-to-G agreement with Indonesia has not yet been finalized.

Export prices were virtually unchanged expect for fragrant rice prices. The Ministry of Commerce is proposing on-farm pledging program for MY2015/16 fragrant rice production.

Export prices increased around 1 percent due to the strengthening of the Thai baht. A rumor about a new G-to-G contract with Indonesia also put upward pressure on domestic prices.

Export prices increased 2 to 4 percent as exporters are seeking new-crop rice for shipments under the Government-to-Government contract with the Philippines.

Record low-level reservoirs are likely to result in smaller MY2015/16 rice area and production. Exportable supplies of white and parboiled rice will likely be tighter in 2016.

MY2014/15 and MY2015/16 sugar production will remain steady at 10.8 million metric tons. More sugarcane and raw sugar is being used for ethanol while world sugar prices trend downward.

Export prices declined 1 percent due mainly to the weakening of the Thai baht to 36.4 baht/US$. The Government issued a new public tender for 445,473 metric tons, mostly 5% grade white rice.