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- (-) October 2017
- (-) July 2017
- (-) Thailand
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Export prices for the most part remain unchanged.
The Thai Excise Department implemented for first time ever, an excise sugar tax on certain beverages to reduce consumption of sugar and to increase health consciousness.
Export prices further declined 1 percent as supplies of MY2017/18 main crop white rice are reportedly entering the market.
Export prices further declined 3 to 4 percent mainly due to a reduced demand from foreign buyers.
Export prices further declined one percent due to a lack of new inquiries as traders are awaiting the results of the July 25 Philippines import tender.
Export prices declined to the same price levels as seen in mid-May.
Effective on June 12, 2017, the Thai FDA has established maximum levels (MLs) of Annatto Extracts (INS160b(i) and INS160(ii)) for certain dairy products.
Export prices declined three to four percent due to a lack of new inquiries following uncertainties about the sale of government stocks.
Rice production is expected to be larger than previously forecasted in MY2016/17 and MY2017/18 due to attractive returns compared to corn.