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Infographic illustrates how modernizing retail outlets in Southeast Asia are providing U.S. food exporters access to young, urbanizing consumers.
Rice export prices remained steady while traders await for the government to announce on July 11 the sale results of the remaining 2 million metric tons of government rice stocks.
Southeast Asia is a major market for U.S. agricultural products, ranking as the third-largest regional market in 2017, behind East Asia and North America.
Thailand’s retail food sector continues to grow in 2017, driven by strong economic growth, increasing numbers of tourists and government investment.
Domestic and export rice prices declined 1 to 2 percent due to the lack of new inquiries and further weakening of the Thai baht.
Malaysia’s retail sector is forecast to spur consumer spending in retail food and beverage industry with the abolishment of Goods & Services Tax (GST) effective June 1, 2018.