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- (-) August 2023
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Post lowered MY2023/24 rice production estimate to 19.6 MMT due to water supply concerns.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: U.S. Food Companies Return to FoodExpo After Three-Year Hiatus; Hong Kong’s Economic Recovery Softens in Second Quarter; Trade Volume External Merchandise Lowers in June; Hong Kong Plays Host to 3.6 Million Travelers in July
Export prices further decreased 3-4 percent as downward price pressure from new supplies of MY2022/23 off-season rice offset the strengthening of the Thai baht.
Export prices decreased 1-2 percent due to the Thai baht hitting the lowest point in a month.
Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Alaska Seafood and ATO Reconnect with Hong Kong Traders
Export prices further increased 3-6 percent due to the panic buying reaction from the India’s rice export ban.
Export prices increased 4-10 percent due to the strengthening of the Thai baht and the panic buying reaction from the India’s rice export ban.