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On December 23, 2021, the Ministry of Consumer Affairs, Food and Public Distribution, through the Department of Food and Public Distribution, issued the “Soya Meal Stock Control Order, 2021.”
Export prices of most grades of rice remained unchanged despite the strengthening of the Thai baht.
On November 19, 2021, Prime Minister Narendra Modi announced that the government will withdraw the three agricultural laws enacted in September 2020.
Export prices of white rice increased one percent despite the weakening of the Thai baht.
On December 14, 2021, the World Trade Organization (WTO) released its findings from the dispute panel initiated in August 2019 against India’s trade distorting sugar subsidies. The WTO report found that India’s subsidies violated its obligations under the multilateral agreement.
Rice export prices remained unchanged from previous week.
Since March 1, 2021, the Indian government’s Food Safety and Standards Authority of India (FSSAI) has required a mandatory Non-Genetically Modified (GM) and GM-Free status certificate status for the 24 listed crops in its order.
On November 8, 2021, the Indian government’s Food Safety and Standards Authority of India published amendments to the Food Safety and Standards (Food Product Standards and Food Additives) Regulations (2011) in the Official Gazette of India (notification No. 1-116/Scientific Committee/Notif.28.4/2010-FSSAI (1) (Pt.F)).
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.
On November 15, 2021, the Indian government’s Food Safety and Standards Authority of India published amendments to the Food Safety and Standards (Food Product Standards and Food Additives) Regulations (2011) in the Official Gazette of India (notification No. Stds/SC/A- Explorer.
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...