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Export prices decreased 1-2 percent due to the further weakening of the Thai baht.

FAS Bangkok forecasts that growth in chicken meat production and consumption will be 2-3 percent in 2022 and 2023. The anticipated slow recovery in domestic consumption and high production costs caused by supply disruption on feed grains and day-old chicks will keep the growth rate below the pre-pandemic average annual growth rate.

Demand for Thai rice pushes export prices higher despite the weakening of the Thai baht.

Rice export prices trend upward due to strong demand from foreign buyers.

Rice export prices increased one percent, driven by new inquiries amid the weakening of the Thai Baht.

U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.

Rice export prices remain unchanged as the further weakening of the Thai baht offset increased domestic rice prices.