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Rice export prices decreased 3-5 percent due to the weakening of the Thai baht.

Rice export prices decreased due to the weakening of the Thai baht.

Thailand doubled its target to reduce greenhouse gas emissions in COP26. The Thai government has yet to finalize the new biofuel consumption targets. Biofuel consumption in 2021 and 2022 is still far below current targets due to the prolonged outbreak of COVID-19 and the slow economic recovery after the pandemic caused by Russia’s invasion of Ukraine.

Rice export prices decreased one percent due to the weakening of the Thai baht.

Post expects MY2022/23 rice production to recover from MY2021/22 due to available water supply and abundant precipitation. MY2021/22 and MY2022/23 feed wheat imports could benefit from the temporary removal of restrictive import measures from May 10 to July 31, 2022.

Rice export prices remain unchanged despite the weakening of the Thai baht.

Rice export prices increased 1-7 percent due to the strengthening of the Thai baht.

MY2019/20 cotton imports are expected to decrease in line with decreased yarn production.

MY2019/20 rice production is revised down further due to ineffective control of the outbreaks of blast disease on the main rice crop and limited water supplies for off-season rice plantings.

Rice export prices declined approximately 1 percent due mainly to the weakening of the Thai baht.

Export prices for most grades of rice remain unchanged, except for fragrant rice, which declined approximately 3 to 4 percent.

The new 20-year AEDP (2018 – 2037), which was approved by the Cabinet on April 30, 2019, is likely to lower the biofuel consumption target.