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- (-) April 2024
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Rice export prices increased one percent as exporters are securing rice supplies to fulfill contracted shipment despite the weakening of the Thai baht.
Rice export prices increased one percent due to the strengthening of the Thai baht that outweighed the downward pressure on domestic rice prices.
Sugar production in the Dominican Republic (DR) is forecast to reach 520,000 metric tons (MT) due to favorable rainfall conditions through the first half of marketing year (MY) 2024/2025 (October - September).
Thailand's food and beverage industry contributes significantly to the country's economy. Thailand aims to be one of the world's top ten processed food exporters by 2027 and a key global player in the "Future Food" market.
MY 2023/24 and MY 2024/25 soybean crush will be well below the five-year pre-pandemic average annual growth due to a slow economic recovery.
Rice export prices dropped another 1-2 percent this week.
Wheat consumption in the Dominican Republic (DR) during marketing year (MY) 2024/25 (July 2024/June 2025) is forecast at 490,000 metric tons (MT), unchanged from the previous MY. Dominican wheat imports are forecast to rise to 670,000 MT due to manufacturers’ international expansion plans and growth in the hotel, restaurant, and institutional (HRI) sector.