Thailand: The last curve, agricultural products of the year 2021

Published 2021년 9월 17일

Tridge summary

Thailand's agricultural exports, valued at 21,101 million dollars in 2020, experienced a growth of 23.6% from a decrease of -3.1% in the first seven months of this year, with the majority of products seeing an increase in export value except for rice. However, high pricing and rising shipping costs are affecting the competitiveness of Thai agricultural products, and the COVID-19 pandemic and weather conditions could further impact agricultural production in the 4th quarter of 2021. The small Tapioca Farmers Association of Thailand is implementing a Cassava Income Insurance Program to address price concerns among farmers. The Thai Rice Exporters Association anticipates improved rice exports due to increased yields and the depreciation of the baht, which could make Thai rice more competitive in the global market. However, challenges such as transportation issues and COVID-19 impacts on mill liquidity and worker vaccination could affect rice exports in the second half of the year. Additionally, the price of raw rubber sheets is expected to increase in the 4th quarter of the year, and palm fruit prices in Thailand have seen an increase due to a decline in global palm production, with concerns about potential fluctuations in prices due to increased world stock levels.

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

Original content

From the overview of exports of Thai products in 2020 with a value of more than 231,634 million US dollars Of these, agricultural exports accounted for 9.1%, worth 21,101 million dollars, or minus -3.1 percent until the first seven months of this year. It appears that Thailand exported 154,985 million dollars, of which 15,399 million dollars was agricultural exports, accounting for 9.1%, or an increase of 23.6%, with exports increasing in almost all products, except rice, which exported negative -28% in value. 1,608 million dollars. Thai agricultural products have problems in their competitiveness. Due to the fact that many agricultural products are priced “higher than” their competitors in the past together with the problem “Shipping costs” continued to rise. Containers are tight. including COVID-19 And the weather may affect agricultural production in the 4th quarter of 2021. Mr. Rangsee Phaisa-ard, president of the Tapioca Farmers Association of Thailand, said that farmers can ...

Source: Prachachat