Agriculture GDP grows 1.2% in Q2 through risk factors in Thailand

Published 2021년 8월 4일

Tridge summary

Thailand's agricultural GDP for Q2 2021 saw a growth of 1.2%, recovering from a 3.1% contraction in the previous year, largely due to improved weather conditions and increased production of key crops like second rice and cassava. This growth is expected to accelerate by 1.7-2.7% for the year, despite challenges such as COVID-19, higher oil prices, and baht volatility. The expansion is spread across various agricultural sectors, including a significant increase in durian yield, improved broiler productivity, and a rise in livestock production, contributing to a positive outlook for the sector. However, the fishery sector experienced a setback, contracting by 3.6%, due to reduced marine fishery production caused by adverse weather. Overall, the country's agricultural performance shows signs of recovery and growth, with strategic efforts in efficiency, management, and disease control playing a crucial role in mitigating risks and enhancing production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The NESDB reveals that agricultural GDP in Q2 grows by 1.2%, expects the full-year target to expand at 1.7-2.7%, following the monsoon of COVID-19 risk factors. weather variability The trend of higher oil prices The volatility of the baht distribution Production costs, exports On August 4, 2021, Mr. Chantanon Wannakhajorn, Secretary-General of the Office of Agricultural Economics (NESDB), revealed that the agricultural economy in the second quarter of 2021 (April-June 64) was found to grow by 1.2 percent, adjusted by Improved compared to the 2nd quarter of 2020, which contracted by 3.1 percent due to the hot weather problem. Many parts of the country suffer from periods of drought and drought. causing insufficient water supply for agricultural production While the situation in 2021 has increased rainfall in the second half of 2020 and the beginning of 2021, there will be an increase in the amount of water accumulated in important reservoirs and in natural water bodies. Farmers can ...

Source: Prachachat