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Rice export prices remain under downward pressure due to competition from Vietnamese rice and further weakening of the Thai baht.
Rice export prices declined 2 percent due to the weakening Thai baht and the sale of the remaining 2 million metric tons of government rice stocks.
Rice export prices remain unchanged as traders are awaiting the result of two tenders totaling 2 million metric tons that the government will issue this week.
Export prices of white rice declined 2 to 3 percent due to the lack of new inquiries and the sale of government stocks.
The MY2018/19 rice production forecast is revised up to 21.2 million metric tons, a 4 percent increase from MY2017/18 due to larger than expected main crop fragrant rice acreage.
Rice export prices increased around 1 percent due to the strengthening Thai baht and new demand for white rice from the Philippine government.
Export prices continued to decline five to six percent due to competition from Vietnamese rice and the anticipated sales of government’s rice stock tenders for one million metric tons which will be...
Export prices declined two to four percent in anticipation of the sales of government stocks and the harvest of new-crop rice in the next couple of weeks.
Export prices declined one to three percent due to lack of new inquiries.
The Thai Cabinet revised its Alternative Energy Development Plan in 2015, aiming to promote higher use of ethanol and biodiesel up to the year 2036 on a self-reliance basis.