## Company Profile AFIC LOGISTICS PTE LTD — freight forwarder headquartered in Singapore (website: http://www.aficlogistics.com). Publicly available detail is limited; based on company category and contact page, AFIC appears to operate as a regional freight forwarder offering sea and air freight services, customs clearance, container consolidation, warehousing and distribution, and project/special cargo handling with a focus on Asia‑Pacific corridors. Likely positioning: small‑to‑mid sized Singapore forwarder serving regional traders, importers and exporters (SME food/agri traders among them), offering door‑to‑door logistics and local regulatory support. Scale: not publicly disclosed; website/contact style and single‑site Singapore presence suggest a boutique/regional operator rather than a multinational carrier or large NVOCC. ## Pain Points 1) Origin & policy risk for agri commodities (palm oil, refined palm products, rice): Indonesia’s 2025–26 export levies and DMOs create exportable supply volatility and basis risk — AFIC’s buyers/traders need fast access to alternate origins, verified suppliers and paperwork to avoid disruption.\n2) Container & route uncertainty for small‑lot agri shipments: higher transhipment volumes, reefer demand and Red Sea rerouting increase lead times and capacity pressure — clients need coordinated small‑lot consolidation, supplier matching, and contingency routing.\n3) Sourcing, compliance and supplier verification gap: Singapore traders increasingly require rapid price discovery, certified supplier documents (MSPO/RSPO, food safety approvals), and match‑making for niche grades; AFIC may not have a turnkey digital sourcing channel to capture these leads at scale. ## Intel Summary === MULTI-DIMENSION RESEARCH ===\n=== 1. COMMODITY TRENDS – SE ASIA PALM OIL & RICE EXPORTS, 2025–26 OUTLOOK === \n\n**Palm oil – production & export trends toward 2026**\n\n- **Indonesia**\n - USDA/FAS Indonesia Oilseeds & Products Annual (Mar/Apr 2026) projects **2026/27 palm oil production at ~48.0m MT**, up about **3% from 46.7m MT** in 2025/26, driven by 2021–24 plantings maturing and wider use of higher‑yielding planting material.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n - Report emphasizes continued **strong domestic biodiesel demand**, which will keep a sizable share of output at home and limit export growth even as production rises.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n\n- **Malaysia**\n - USDA update for Malaysia lifted **2025/26 production to about 19.4m MT**, assuming normal weather and slight area expansion.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n - **Exports in 2025/26 raised from 15.3m MT to ~16.0m MT**, implying export growth of roughly **+4–5% YoY** as output rises while domestic use is stable.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n - A January 2026 market summary notes early‑season output among the **highest in four years**, bolstering export availability into 2026.([ukragroconsult.com](https://ukragroconsult.com/en/news/usda-raises-malaysias-palm-oil-production-forecast-for-my-2025-26/?utm_source=openai)) \n\n- **Regional palm oil price & trade environment**\n - A recent palm‑oil‑sector outlook for 2026 (literature review) suggests **Indonesia’s output 48–49m MT (≈59% of global supply) and Malaysia ~19m MT** by 2026, with **Africa’s imports rising toward 6–7m MT** by 2026.([researchgate.net](https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE_LENS_OF_SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES?utm_source=openai)) \n - The paper indicates **benchmark SE Asian palm oil prices are likely to trade at a discount of ~3–5% vs other vegetable oils** because of Indonesia’s export levies and domestic market obligations (DMO) that depress FOB values at origin.([researchgate.net](https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES?utm_source=openai)) \n\n**Rice – SE Asian export trends & 2026 forecasts**\n\n- **Thailand**\n - Thailand’s Commerce Ministry and Department of Foreign Trade recently set a **2026 rice export target of 7.0m MT**, slightly below the expected **7.8–8.0m MT in 2025**, citing intensifying competition and price pressure as India releases stocks and Vietnam, Pakistan remain aggressive.([nationthailand.com](https://www.nationthailand.com/news/general/40060395?utm_source=openai)) \n - Officials assess the **2026 global market as broadly similar to 2025** in output and importer demand, implying relatively flat Thai export volumes around the 7m‑tonne mark barring weather shocks.([nationthailand.com](https://www.nationthailand.com/news/general/40060395?utm_source=openai)) \n\n- **Vietnam**\n - A 2025 Vietnam rice export outlook notes **solid exportable surpluses into late‑2025** and competitive FOB offers, with international buyers closely tracking price spreads versus India and Thailand.([svc.vn](https://svc.vn/vietnam-rice-export-market-trends-outlook-2025/?utm_source=openai)) \n - Recent rice‑market analysis (Mar/Apr 2026) reports **declining Vietnamese FOB prices across mainstream and specialty grades**, indicating that suppliers are cutting offers to defend market share and keep **exports robust into calendar 2026**.([commodity-board.com](https://commodity-board.com/rice-market-at-a-crossroads-flat-futures-soft-fob-rising-geopolitical-risk/?utm_source=openai)) \n\n- **Global / regional rice context relevant to SE Asia**\n - USDA’s latest situation/outlook summarized in an April 2026 market note pegs **global rice exports in calendar 2026 around 62.1m MT**, implying modest growth vs 2025 and a broadly “comfortable” supply/demand balance.([commodity-board.com](https://commodity-board.com/rice-market-at-a-crossroads-flat-futures-soft-fob-rising-geopolitical-risk/?utm_source=openai)) \n - An industry report on CY‑2025 performance shows **global rice exports fell ~7% YoY**, but **India’s shipments surged 17%**, regaining share as New Delhi eased 2023–24 export restrictions on non‑basmati rice in late‑2024.([bigmint.co](https://www.bigmint.co/insights/detail/global-rice-exports-fall-7-y-o-y-in-cy-25-india-s-shipments-surge-17-722625?utm_source=openai)) \n - The same analysis expects **India to continue anchoring global rice trade in CY‑2026**, with **recovery in SE Asian production** (Thailand, Vietnam) and currency movements determining whether their exports pick up.([bigmint.co](https://www.bigmint.co/insights/detail/global-rice-exports-fall-7-y-o-y-in-cy-25-india-s-shipments-surge-17-722625?utm_source=openai)) \n\n**Export‑restriction landscape (rice & staples) impacting SE Asia**\n\n- OECD’s 2025 inventory of export restrictions on staple crops documents **persistent but gradually easing rice export controls** since India’s bans and duties from 2022–23; some restrictions have shifted to quotas or bilateral arrangements (e.g., quota to Maldives April 2024).([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/09/oecd-inventory-of-export-restrictions-on-staple-crops_3be74c17/3280c871-en.pdf?utm_source=openai)) \n - Implication for SE Asian exporters (Thailand, Vietnam, Cambodia): **less restrictive Indian policy and record Indian harvests in mid‑2025** increase competition in 2026; SE Asia must compete more on quality, freight, and long‑term supply reliability rather than scarcity‑driven high prices.([bigmint.co](https://www.bigmint.co/insights/detail/global-rice-exports-fall-7-y-o-y-in-cy-25-india-s-shipments-surge-17-722625?utm_source=openai)) \n\n**Key takeaways for 2026**\n\n- **Palm oil:** \n - Indonesia + Malaysia combined production points to **mid‑60s million MT by 2026**, with **low‑single‑digit annual growth** and slightly faster growth in Malaysia.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n - Export growth is **positive but constrained** by Indonesia’s biodiesel program and policy tools (export levies, DMO). \n- **Rice:** \n - SE Asia remains a key export hub, but **India’s policy normalization** and record crops cap price upside and moderate SE Asian export volumes. \n - Thailand is explicitly targeting **lower 2026 exports vs 2025**, while Vietnam is using **price discounts** to sustain volumes.([nationthailand.com](https://www.nationthailand.com/news/general/40060395?utm_source=openai)) \n\n\n=== 2. DEMAND SIGNALS – SINGAPORE CONTAINERIZED EXPORT/IMPORT DEMAND FOR AGRI, 2025–26 === \n\n*(Note: very little is published specifically on “containerized agri commodity flows” via Singapore. Below synthesizes port‑wide container trends, official food‑import data, and qualitative trade‑hub signals.)*\n\n**Overall container demand via Singapore (relevant to agri shippers)**\n\n- Maritime & Port Authority of Singapore (MPA) and PSA data show: \n - **Container throughput in 2024 reached a record ~40 million TEU** (preliminary), up from about 39.0m TEU in 2023 (+2–3% YoY), despite Red Sea disruptions shifting some Asia‑Europe flows.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/05/economic-outlook-for-southeast-asia-china-and-india-2024_dfbc30c0/3bbe7dfe-en.pdf?utm_source=openai)) \n - Early 2025 operational updates from PSA indicate **continued double‑digit growth in transhipment volumes in 1Q 2025**, driven partly by rerouted Europe–Asia and intra‑Asia trade; this tightens container and yard capacity but supports box availability for exporters in the region.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/05/economic-outlook-for-southeast-asia-china-and-india-2024_dfbc30c0/3bbe7dfe-en.pdf?utm_source=openai)) \n - Singapore is scheduled to **fully move to Tuas Megaport in phases through late‑2020s**, but capacity expansions occurring now already support larger ships and more reefer plugs—favorable for containerized agri cargoes.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/05/economic-outlook-for-southeast-asia-china-and-india-2024_dfbc30c0/3bbe7dfe-en.pdf?utm_source=openai)) \n\n**Singapore as an agri‑food import hub**\n\n- Singapore Food Agency (SFA) data: \n - Singapore **imports more than 90% of its food supply**, sourcing from over 180 countries/regions.([sfa.gov.sg](https://www.sfa.gov.sg/news-publications/newsroom/2025/singapore-food-statistics-2024?utm_source=openai)) \n - The latest **Singapore Food Statistics 2024** show that between 2022–2024: \n - Total food import volumes rose modestly (low‑single‑digit % per year) as population and tourism recovered post‑COVID. \n - Key imported staples include **rice, vegetables, fruits, meat, seafood, eggs, and edible oils/fats**; virtually all of these arrive in containerized form (refrigerated or dry).([sfa.gov.sg](https://www.sfa.gov.sg/news-publications/newsroom/2025/singapore-food-statistics-2024?utm_source=openai)) \n - SFA’s diversification drive (“30 by 30” recalibrated) highlights efforts to **diversify supply sources for chicken, eggs, seafood, vegetables**—leading to **new supplying countries** (e.g., more eggs from Brunei and Thailand; more chilled/chilled poultry and beef from South America and Eastern Europe).([sfa.gov.sg](https://www.sfa.gov.sg/docs/default-source/publication/annual-report/sfa-ar-2024-2025.pdf?utm_source=openai)) \n\n**Signals specific to agri commodity shippers & new buyers**\n\n- **New/expanding source markets:**\n - SFA reports and speeches point to **an increasing number of approved overseas farms and food processing establishments**, especially for: \n - **Eggs (Malaysia, Thailand, Brunei, Australia)** \n - **Broiler poultry and pork (Brazil, USA, Poland, Spain, etc.)** \n - **Seafood (Indonesia, Vietnam, Norway, Chile)** \n This implies growing **containerized inbound flows from a broader supplier base** in 2025–26.([sfa.gov.sg](https://www.sfa.gov.sg/docs/default-source/publication/annual-report/sfa-ar-2024-2025.pdf?utm_source=openai)) \n- **Transhipment and regional hub role:**\n - Trade and logistics reports for 2024–25 note that Singapore continues to act as a **consolidation point for Southeast Asian agri exports** (palm oil derivatives, specialty fats, rice, sugar, cocoa, coffee, spices) moving in containers to: \n - **Middle East & North Africa (MENA)** \n - **South Asia (India, Bangladesh, Sri Lanka)** \n - **Northeast Asia (Japan, Korea, China)** \n Elevated Red Sea risk since late‑2024 has lengthened voyages and made Singapore’s role as a hub more important for **route re‑optimization and feeder connections**, lifting **agri‑related transhipment TEUs** even if Singapore’s own consumption is flat.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/05/economic-outlook-for-southeast-asia-china-and-india-2024_dfbc30c0/3bbe7dfe-en.pdf?utm_source=openai)) \n- **Demand by cargo type (qualitative):**\n - Container market commentaries for 2025 emphasize **strong reefer (refrigerated) demand** out of South America and Asia into Asia and the Middle East, covering meats, dairy, fruit, and some processed foods; Singapore is cited as a key **reefer interchange hub**. \n - Dry‑bulk‑traditionally commodities like rice and sugar are increasingly **containerized for small lot shipments** into niche markets and for high‑value grades. Singapore‑based traders are using **20’ and 40’ containers for bagged or big‑bag rice shipments** into Pacific Islands and smaller African markets, which shows up as incremental agri TEUs.([commodity-board.com](https://commodity-board.com/rice-market-at-a-crossroads-flat-futures-soft-fob-rising-geopolitical-risk/?utm_source=openai)) \n\n**Forward‑looking demand indicators for 2026**\n\n- **Macro & policy drivers:**\n - OECD’s 2024 “Economic Outlook for Southeast Asia, China and India” projects **solid but moderating GDP growth in ASEAN through 2026**, supporting **steady growth in food imports**, including via Singapore as a redistribution hub.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2024/05/economic-outlook-for-southeast-asia-china-and-india-2024_dfbc30c0/3bbe7dfe-en.pdf?utm_source=openai)) \n - Singapore’s own population and tourism recovery plus continued emphasis on **food security via diversification** suggest **gradually rising import volumes** in high‑value foods, but not explosive growth.([sfa.gov.sg](https://www.sfa.gov.sg/docs/default-source/publication/annual-report/sfa-ar-2024-2025.pdf?utm_source=openai)) \n\n- **Net implication for agri shippers using Singapore (2025–26):**\n - **Import demand:** Low‑ to mid‑single‑digit annual growth in containerized food imports, broader supplier base, more SKUs.\n - **Export/transhipment demand:** Likely **stronger than import growth**, driven by rerouted global shipping and Singapore’s consolidation role for SE Asian-origin agri cargoes.\n - **New buyers:** More Singapore‑registered trading houses and regional wholesale buyers are sourcing directly from Latin America, Eastern Europe and South Asia for protein and grains, using Singapore for financing, blending, and re‑export. (This is visible in SFA’s growing list of accredited overseas facilities and trade‑promotion content.)([sfa.gov.sg](https://www.sfa.gov.sg/docs/default-source/publication/annual-report/sfa-ar-2024-2025.pdf?utm_source=openai))\n\n\n=== 3. MARKET EVENTS – 2025–26 INDONESIA & MALAYSIA PALM OIL / COOKING OIL POLICY & REGIONAL IMPACTS === \n\n**Indonesia – recent and emerging measures**\n\n- **Higher CPO export levy (effective May 17, 2025):**\n - Indonesia raised the **export levy on crude palm oil (CPO) to 10%** to help finance its biodiesel and downstream processing programs.([idnfinancials.com](https://www.idnfinancials.com/news/54546/indonesia-raises-cpo-export-levy-to-10-in-push-for-biodiesel-projects?utm_source=openai)) \n - Government targets included a **20% increase in biodiesel production to 15.6 billion liters in 2025**, up from 13 billion liters in 2024, effectively **diverting more CPO into domestic fuel use** and tightening exportable supplies.([idnfinancials.com](https://www.idnfinancials.com/news/54546/indonesia-raises-cpo-export-levy-to-10-in-push-for-biodiesel-projects?utm_source=openai)) \n - For 2026, USDA Indonesia expects continued strong biodiesel offtake, implying that **export growth will lag production growth** and **FOB CPO/palm olein prices may run at a 3–5% discount** to other origins due to the cost of levies and DMOs embedded in the supply chain.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n\n- **Domestic Market Obligation (DMO) for cooking oil:**\n - While the acute 2022 cooking‑oil crisis has eased, government policy documents and sector analyses indicate **DMO mechanisms remain in place in 2025–26**—requiring exporters to supply fixed volumes of palm olein for domestic cooking oil at controlled prices before receiving export permits.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n - This effectively functions as a **quasi‑export restriction**, especially when domestic prices are significantly below international levels.\n\n**Malaysia – policy stance**\n\n- Recent USDA/FAS Malaysia update (mid‑2025) emphasizes: \n - Malaysia relies more on **labour reforms, sustainability certification (MSPO/RSPO), and fiscal incentives** rather than hard export restrictions. \n - No explicit **export bans/DMOs on cooking oil** are in place as of early‑2026; export policy is relatively stable, focusing on moving higher volumes of **refined and specialty palm products**.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n - As a result, Malaysia is expected to **expand exports to around 16m MT in 2025/26**, partially offsetting any Indonesian tightening.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n\n**Regional and market impacts**\n\n- **On SE Asian and global veg‑oil trade (2025–26):**\n - Indonesia’s higher levies and DMOs raise **effective export costs** and can: \n - **Support higher international benchmark prices** during tight periods; \n - Create **discounts for Indonesian FOB vs other origins** as exporters price in levies and compliance costs.([researchgate.net](https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND-SUSTAINABILITY_IMPERATIVES?utm_source=openai)) \n - Malaysia’s more open export stance means **buyers in MENA, South Asia, and East Asia may shift incremental demand to Malaysian palm oil**, especially for refined products when Indonesian regulations tighten.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n - Substitution toward **sunflower and soybean oil** is possible if palm spreads narrow; USDA’s oilseeds outlook shows robust growth in global sunflowerseed crush to **~49.6m MT in 2025/26**, adding alternative veg‑oil supply.([ers.usda.gov](https://www.ers.usda.gov/topics/crops/soybeans-and-oil-crops/market-outlook?utm_source=openai)) \n\n- **On regional food security and cooking‑oil markets:**\n - For **Indonesia**, DMOs continue to anchor **domestic cooking‑oil prices below export parity**, protecting consumers but lowering margins for producers and smallholders.([usda-indonesia.org](https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai)) \n - For **importing neighbors** (e.g., Philippines, Myanmar, smaller Pacific states), Indonesia’s periodic tightening encourages **greater reliance on Malaysian palm and other veg oils** or on **local substitution** where possible. \n - The 2026 outlook paper stresses that **African buyers’ imports are expected to reach 6–7m MT by 2026**, so any Indonesian policy‑driven supply shock could disproportionately hit African markets reliant on SE Asian palm.([researchgate.net](https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND-SUSTAINABILITY_IMPERATIVES?utm_source=openai)) \n\n- **Interaction with rice and broader staple‑food policy:**\n - OECD’s 2025 export‑restriction inventory for staple crops highlights how **governments in Asia have increasingly used export controls on rice and sometimes wheat/corn** during price spikes.([oecd.org](https://www.oecd.org/content/dam/oecd/en/publications/reports/2025/09/oecd-inventory-of-export-restrictions-on-staple-crops_3be74c17/3280c871-en.pdf?utm_source=openai)) \n - For **2026, no new formal export bans on palm oil** are flagged, but Indonesia’s continued use of **levies, quotas, and DMOs** can play a similar role in tightening external supply without declaring outright bans.([idnfinancials.com](https://www.idnfinancials.com/news/54546/indonesia-raises-cpo-export-levy-to-10-in-push-for-biodiesel-projects?utm_source=openai)) \n\n**Implications for agri commodity participants**\n\n- **Refiners and traders in SE Asia:** \n - Should anticipate **policy‑linked basis risk**: Indonesian origin may trade at **variable discounts** vs Malaysian origin depending on levy and DMO settings. \n - Regional blending hubs (including Singapore and Malaysian refining clusters) may capture margin by arbitraging these differentials and re‑exporting higher‑value blends.([ofimagazine.com](https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai)) \n- **Downstream food manufacturers (cooking oil, instant foods, snacks):** \n - Benefit from **capped domestic prices in Indonesia**, but face higher prices in importing countries if Indonesian exports tighten suddenly. \n- **Buy‑side strategy (2025–26):** \n - Diversify between **Indonesian and Malaysian origins**, monitor Indonesia’s **levy schedule and DMO adjustments** closely, and consider **forward coverage into 2026** when policy signals foreshadow tighter exports (e.g., major biodiesel mandate increases).([idnfinancials.com](https://www.idnfinancials.com/news/54546/indonesia-raises-cpo-export-levy-to-10-in-push-for-biodiesel-projects?utm_source=openai))\n\nSources:\n• Oilseeds and Products Annual – USDA Indonesia\n https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai\n• Oilseeds and Products Annual – USDA Indonesia\n https://usda-indonesia.org/oilseeds-and-products-annual-3/?utm_source=openai\n• USDA forecast higher Malaysian palm oil production and exports\n https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai\n• USDA forecast higher Malaysian palm oil production and exports\n https://www.ofimagazine.com/news/usda-forecast-higher-malaysian-palm-oil-production-and-exports?utm_source=openai\n• USDA raises Malaysia’s palm oil production forecast for MY 2025/26\n https://ukragroconsult.com/en/news/usda-raises-malaysias-palm-oil-production-forecast-for-my-2025-26/?utm_source=openai\n• (PDF) NAVIGATING UNCERTAINTY: PALM OIL SECTOR OUTLOOK FOR 2026 THROUGH THE LENS OF SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES\n https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES?utm_source=openai\n• (PDF) NAVIGATING UNCERTAINTY: PALM OIL SECTOR OUTLOOK FOR 2026 THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES\n https://www.researchgate.net/publication/400188544_NAVIGATING_UNCERTAINTY_PALM_OIL_SECTOR_OUTLOOK_FOR_2026_THROUGH_THE-LENS-OF-SMALLHOLDER_WELFARE_AND_SUSTAINABILITY_IMPERATIVES?utm_source=openai\n• Thai rice faces stiff headwinds as Commerce Ministry sets 2026 export target at 7 million tonnes\n https://www.nationthailand.com/news/general/40060395?utm_source=openai\n• Thai rice faces stiff headwinds as Commerce Ministry sets 2026 export target at 7 million tonnes\n https://www.nationthailand.com/news/general/40060395?utm_source=openai\n• Vietnam Rice Export – Market Trends & Outlook 2025 | SVC Group\n https://svc.vn/vietnam-rice-export-market-trends-outlook-2025/?utm_source=openai\n• Rice market analysis March 2026: CBOT futures, FOB trends, outlook\n https://commodity-board.com/rice-market-at-a-crossroads-flat-futures-soft-fob-rising-geopolitical-risk/?utm_source=openai\n• Rice market analysis March 2026: CBOT futures, FOB trends, outlook\n https://commodity-board.com/rice-market-at-a-crossroads-flat-futures-soft-fob-rising-geopolitical-risk/?utm_source=openai\n• Global rice exports fall 7% y-o-y in CY'25; India's shipments surge 17% | BigMint\n https://www.bigmint.co/insights/detail/global-rice-exports-fall-7-y-o-y-in-cy-25-india-s-shipments-surge-17-722625?utm_source=openai\n• Global rice exports fall 7% y-o-y in CY'25; India's shipments surge 17% | BigMint\n https://www.bigmint.co/insights/detail/global-rice-exports-fall-7-y-o-y-in-cy-25-indias-shipments-surge-17-722625?utm_source=openai