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- (-) June 2018
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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 declined two to three percent in response to the sale of government rice stocks.
Export prices began to level off this week due to fewer new inquiries and the near completion of the Iranian shipments.
Thailand is currently implementing their Alternative Energy Development Plan 2015 (AEDP 2015).
Export prices reached a five-year record increasing for the sixth straight week due to numerous inquiries and the strengthening Thai baht.
Export prices have increased five straight weeks due to new inquiries and the strengthening Thai baht.
Export prices further increased one to two percent due to the strengthening of the Thai baht.