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Rice export prices increased around 1 percent due mainly to the strengthening of the Thai baht.
Rice export prices increased approximately 1 percent due to the strengthening Thai baht and new demand for white rice under the government-to-government agreement with China.
Rice export prices remain unchanged while the government finalizes the sale of 267,418 million metric tons of non-food quality rice stocks.
Rice export prices declined 1 percent due to the sale of the remaining government rice stocks.
This report provides additional information for the New Zealand 2018 Annual Livestock Report.
Thailand is encountering a challenge of increasing feed costs due to the government’s price intervention for major feed ingredients that will limit the industry’s growth if the problem remains.
FAS/Wellington forecasts 2018 beef production to be significantly higher at 670,000 metric tons (MT), which is expected to increase exports to 603,000 MT.