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Rice export prices declined 1 percent as exporters have secured sufficient white rice supplies to fulfill the shipments for the two November Philippine tenders.
Responding to inflationary pressures, the Philippine government is set to liberalize rice imports by converting Quantitative Restrictions to tariffs.
MY2018/19 cotton imports are expected to increase slightly in line with increased yarn production.
Ethanol production using sugarcane and molasses in 2018 is expected to increase to 270 million liters (ML) from 235 ML the previous year as aggregate capacity increases.
Rice export prices increased 1 percent due to the strengthening Thai baht and white rice purchases from China and the Philippines.
Rice export prices remain unchanged while traders wait for the shipping arrangements to be finalized for contracts under the recent Philippines’ tender.
Rice export prices are fluctuating as new crop rice enter the market.
Rice export prices remain unchanged.
FAS Manila hosted two Great American Taste dinners to build awareness among industry and consumers of the availability, variety and quality of U.S. fine foods and wines.
Domestic and export prices for most grades of rice declined around 1 to 2 percent as new crop rice supplies gradually entered the market, except for fragrant rice prices that remained high....
Rice export prices declined 1 to 2 percent due to the weakening of the Thai baht and the lack of new inquiries.
The stronger purchasing power of Philippine consumers, growing middle class, and increasing urbanization drove a higher frequency of dining out.