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- (-) November 2023
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Post increased the MY2023/23 rice production forecast to 19.9 MMT to reflect greater water availability than previously projected for the MY2023/24 off-season rice crop. The forecasts for MY2023/24 corn production and imports and MY2023/24 wheat...
Export rice prices increased 3-13 percent due to the strengthening of the Thai baht which offset the downward pressure on domestic rice prices.
Export rice prices fell by 1-3 percent as the Thai baht weakened and new paddy rice crop entered the market.
The Kingdom of Saudi Arabia’s (KSA) regulations allow the importation of biotech plant products, but they are required to be labeled if they contain more than one percent genetically engineered (GE) plant ingredients.
Export rice prices rose 1-2 percent due to the strengthening of the Thai baht.
Saudi Arabia was the 22nd largest market ($1.58 billion) for U.S. food and agricultural products in 2022, an increase of 18 percent compared to 2021.
Export rice prices dropped 1-3 percent despite the strengthening of the Thai baht as the new crop MY2023/24 paddy rice entered the market.