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MY 2023/24 coffee production is lowered 3.8 million bags to 27.5 million bags due to unfavorable weather conditions as a result of climate change and El Nino climate patterns.
Vietnam is a growing market for beef and beef products, with demand driven by numerous factors including a growing population, economic growth, widening integration with global economies through free trade agreements, rising income per capita, and expanding modern retail and food service channels.
This report describes the status of Burma’s production and regulations for genetically engineered products and recent activities focused on agricultural biotechnology.
Export rice prices fell by 1-3 percent as the Thai baht weakened and new paddy rice crop entered the market.
This report provides updated information about the adoption of agricultural biotechnology in Vietnam. In the first six months of 2023, Vietnam approved six outstanding biotech corn hybrids for cultivation after the country suspended its appraisal process since 2017.
Export rice prices rose 1-2 percent due to the strengthening of the Thai baht.
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.
In September, Vietnam's rice export prices declined by 6 percent compared to the previous month with an average export price of USD 617 per ton.
Export rice prices dropped 1-6 percent as lower domestic farm-gate prices offset the strengthening of the Thai baht.
Export rice prices increased 1-2 percent due mainly to the strengthening of the Thai baht.
Thailand’s export rice prices fell another 1-2 percent due mainly to the weakening of the Thai baht.
In the first half of 2023, the Vietnam livestock and aquaculture industry faced numerous challenges which reduced feed demand including escalating input costs, African Swine Fever (ASF), market price volatility, weak demand, and intense competition from imported products.