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Brazil’s economy was forecasted to suffer a sharp drop in 2020; however, the decline was far less than expected. Gross Domestic Product (GDP) declined 4.1 percent, reaching $1.4 trillion.
Export prices of most grades of rice remained unchanged despite the strengthening of the Thai baht.
Export prices of white rice increased one percent despite the weakening of the Thai baht.
The Brazilian orange crop for Marketing Year (MY) 2021/22 is forecast at 405 million 40.8-kg boxes (MBx), equal to 16.52 million metric tons (MMT), an increase of 12 percent relative to the current season.
Post forecasts 2021/22 planted cotton area at 1.52 million hectares (ha), with production at 12.6 million bales (2.74 million metric tons – MMT), more than a 10 percent greater than the 2020/21 estimated production of 10.68 million bales (2.33 MMT).
Rice export prices remained unchanged from previous week.
This guide serves as a resource for U.S. companies seeking to do business in Thailand and provides market overviews, practical tips and information on local business practices, consumer preferences and trends.
Rice export prices decreased 1-2 percent due to the weakening of the Thai baht against the U.S. dollar that offset the upward pressure on current domestic prices of paddy rice.
Brazil is the second-largest producer of biotech crops in the world with 115 events approved. Post forecasts the total area planted to GE crops reached over 56 million hectares during the recently completed crop year of 2020/2021. Adoption rates for...
FAS/Bangkok (Post) revised MY2021/22 rice production down slightly to 20.8 million metric tons due to flood damage in the northeastern regions. Post expects Thai rice exports to increase to 5.8 million metric tons in 2021. Post forecasts MY2021/22...
MY2021/22 cotton import demand is expected to increase 9 percent, well below average annual import demand prior to the COVID-19 pandemic due to slow economic recovery. MY2020/21 cotton imports further declined 15 percent from MY2019/20. Imports of U...
This report includes updates in Section I Food Laws: 1.3.1 Pre-marketing Control; Section II Labeling Requirements: 2.9 Novel Food Labeling; Section VI Other Requirements Regulations and Registration Measures: 6.1 Testing Requirements for Alcohol...