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- (-) September 2021
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Export prices of all grades of rice remained unchanged despite a further weakening of the Thai baht against the U.S. dollar.
The Australian consumer foodservice industry is valued at A$60 (US$44) billion.
MY2021/22 rice production remains unchanged at 21 million metric tons. Post revised down Thai rice exports to 5.8 million metric tons in 2021 due to high freight costs and a lack of available shipping containers.
Export prices of white and parboiled rice declined 1-2 percent due to a further weakening of the Thai baht against the U.S. dollar.
Global lentil exports in 2020 jumped from $1 billion to $2.6 billion compared to the year before. Canada and Australia led the surge, accounting for more than three-fourths of the exports. Lentil exports peaked at $2.7 billion in 2015 but drifted lower through 2019, primarily due to reduced shipments from Canada to India and Turkey and from the United States to Canada and India.
Thailand’s pet food market experienced steady growth due to the rise of “pet humanisation” and an increasing cat population.
Export prices of all grades of rice remain unchanged despite the weakening of the Thai baht against the U.S. dollar and slow trading activities.
Post expects chicken meat production to increase slightly in 2021 with sluggish domestic and export demand and supply disruptions from the prolonged outbreak of COVID-19.
Plant-based diets and meat substitutes are gaining popularity and are capturing the interest of Thai consumers.
Export prices leveled off despite steady demand and the appreciation of the Thai baht against the U.S. dollar.
Australian beef supply is forecast to begin to recover in 2022 after falling to the lowest level in decades in 2021.
The Thai Excise Department approved the use of the APEC Model Wine Export Certificate for U.S. wine exports and the U.S. Alcohol and Tobacco Tax and Trade Bureau’s (TTB) Certificate of Sanitation for U.S. beer and distilled spirit exports to Thailand with specific attestation.