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The Burmese military regime is intervening in the rice market to control higher prices. The regime detained dozens of domestic and foreign rice merchants and representatives from supermarkets and has pledged to prosecute traders who were selling rice...

Rice export prices of most grades of Thai rice further declined 1-2 percent despite the strengthening of the Thai baht.

Rice export prices further dropped 1-2 percent despite the strengthening of the Thai baht.

Despite record production and ample stocks, the Philippines is forecast to import a record volume of rice. Large imports are spurred in part by high domestic prices and the recent government decision to reduce tariffs from 35 to 15 percent.

Rice export prices further dropped 1-3 percent due to the weakening of the Thai baht.

Marketing Year (MY) 2024/25 rice production and consumption forecasts remain unchanged since the April 2024 Grain and Feed Annual Report. Post revised MY 2023/24 rice imports down based on the import tender fulfillment pace by the Korean government. Progress allocating the 2024 rice tariff rate quota (TRQ) has been favorable for the United States, but local distribution of imported U.S. table rice has not kept pace, as auctions remain suspended since November 2023.

Higher feed demand from broiler, aquaculture, and ruminants will push total feed use slightly higher in MY2024/25 with greater corn inclusion into feed rations than previous years. MY2024/25 corn production is forecast larger than MY2023/24 with larger yields.

Rice export prices further dropped 1-2 percent despite the strengthening of the Thai baht.

Rice export prices further dropped one percent due to the weakening of the Thai baht.

Rice export prices dropped one percent due to the weakening of the Thai baht.

Rice export prices increased one percent due to the strengthening of the Thai baht.

Rice export prices dropped 2-4 percent due to the weakening of the Thai baht despite a strong demand for Thai rice.