Browse Data and Analysis

Thailand’s food and beverage industry contributes significantly to the country’s economy, accounting for one-fourth of the country’s gross domestic product. Major food exports include rice, canned tuna, sugar, meat, cassava products, and canned pineapple.

In 2022, the Brazilian bovine sector is expected to expand its cattle production by 2.5 percent, driven by global demand, elevated beef prices, and the recovery phase that the sector is going through. Nevertheless, in 2022, increasing production costs, especially feed prices, general inflation, and unstable weather will pose serious challenges to cattle ranchers.

Social media has become an indispensable tool for marketing food and beverages in Thailand. Effective social media marketing is the key for growth in any food and beverage business; however, the social media landscape is changing continuously as new platforms and features emerge.

Post forecasts marketing year (MY)2022/23 rice and corn production 2 percent higher than MY2021/22 figures, benefiting from sufficient water supplies and attractive farm-gate prices.

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

On Monday, March 21st, the Government of Brazil (GOB) decided to temporarily eliminate the import tariff of ethanol, as well as five other agricultural products (coffee, margarine, cheese, spaghetti, sugar, and soybean oil).

Rice export prices increased 4-5 percent due to concerns about Russia’s invasion of Ukraine.

Rice export prices increased 3 percent as exporters anticipate an increase in demand despite the weakening of the Thai baht to a one-month low.

Russian invasion of Ukraine is expected to significantly affect Thai agriculture. Agricultural production costs are expected to increase 7-13 percent in livestock production and 10-17 percent in field crops due to the surge in prices of feed-quality grains and fertilizers.

The COVID-19 health crisis continues to change the behavior of consumers and shaping new trends in the food and restaurant industry. Restaurants and retail stores are producing new products and services that are based on the consumer trends towards health and wellness.

Hong Kong continues to take random tests on imports of chilled and frozen foods and their packaging for the COVID-19 virus.

Brazil is a powerhouse agricultural producer, ranking among the top three global exporters for a host of commodities. To support its massive agribusiness sector, Brazil relies on imported inputs, including fertilizers. Annually, Brazil imports over 80 percent of its total fertilizer needs.