Browse Data and Analysis

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

In April 2015, the GON passed the lingered biosafety bill into law and created the National Biosafety Management Agency (NBMA).

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.