13 Mar 2023
Agriculture
Thailand's shrimp export growth expected to be in a range of -3.5 to 0.5 percent in 2023 amid a slowdown in major markets, despite demand from China... Read more
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2 Dec 2022
Overall net farm income in Thailand in 2023 is likely to face numerous challenges that are varied based on agricultural product type. This is because the global economic outlook is beset with risks that could trigger a drop in demand for farm products – especially uncertain demand from China – and a... Read more
3 Nov 2022
Coffee prices in the global market have been rising since the end of 2021. Brazil and Vietnam – major coffee suppliers – have faced severe climate change causing damage to their production. High global coffee prices are expected to persist until a new round of Brazil’s coffee output enters the marke... Read more
29 Sep 2022
It is expected that ongoing flooding across Thailand will hurt crop outputs during the rainy season, particularly rice as major rice outputs have gradually begun to enter the market, especially in the northeastern and northern regions, which are home to ‘Hom Mali’ rice cultivation and are being hit ... Read more
26 Aug 2022
The overall income of Thai rubber growers may remain favorable at around THB261-271 billion in 2022, an increase of 2.8-6.6 percent YoY, supported primarily by prices. The average price of rubber sheet grade 3 may stand at approximately THB54-56/kg, driven by demand from the auto-tire and medical gl... Read more
29 Jun 2022
In 2022, Thailand may be at risk of a tighter rice supply, caused primarily by chemical fertilizer prices that have hit multiple record highs amid the Russia-Ukraine conflict. In contrast, there has been pent-up demand seen for rice, as evidenced by higher rice exports, which have in turn pressured... Read more
19 May 2022
Prices of chemical fertilizers in the country have hit successive record highs in line with their raw material costs and tight global supplies due to the impact of the Russia-Ukraine conflict. ... Read more
15 Mar 2022
The ongoing conflict between Russia and Ukraine, which are the world’s leading wheat exporting nations, has driven up global wheat prices to a record high that we have never seen in recent years. ... Read more
23 Feb 2022
KResearch is of the view that prices of Thai oil palm will stay at an elevated level of THB7.5-9.5/kg during 1Q22 in line with high global crude palm oil and energy prices. Meanwhile, an adjustment to the mixture of biodiesel to B5,... Read more
13 Jan 2022
KResearch views that Thailand’s agricultural machinery market will continue to see expansion, with market value of THB 84.6-87.9 billion, or growth of 1.6-5.6 percent (YoY), mainly supported by ample demand. However, this growth may occur at a slower pace, due to easing pent-up demand and slower dem... Read more
13 Dec 2021
KResearch is of the view that Thai rice prices will likely increase slightly during 2022 after having bottomed out in 2021. The marginal rise is due to the low base of 2021. Rice prices are projected to increase to a range of THB8,900-9,400/ton in 2022, representing a contraction of 1.6 percent to a... Read more
29 Oct 2021
KResearch has preliminarily assessed that the damage to the rice crop from flooding in September and October 2021 may amount to around THB 6.3-8.4 billion. Due to the effects of recent storms, many provinces in the northeastern, northern and central regions of Thailand are experiencing ongoing flood... Read more
28 Sep 2021
Recently, Kratom or Mitragyna speciosa was removed from Thailand’s narcotics list. We at KResearch are of the view that successful commercialization of related Kratom products during an initial phase will not be smooth sailing, and will rest primarily with demand amid limited supply. ... Read more
3 Sep 2021
KResearch assesses that meat prices will remain high over the remainder of 2021, stemming from cost of disease prevention and control in humans and animals, increased cost of animal feeds, import charges that tend to remain high, and the Baht’s volatility. Given the prolonged COVID-19 outbreak and t... Read more
25 Aug 2021
KResearch projects that, despite short-term supply disruption stemming from the COVID-19 outbreaks, Thai mangosteen exports could be valued at an estimated USD 540-560 million, or growth of 14.6-18.8 percent YoY, mainly from export prices. While Indonesia may have taken a greater share of the Chines... Read more
6 Aug 2021
KResearch is of the view that Thailand has numerous crops that can be processed into plant-based protein foods of the future, namely green beans, sunflower sprouts, black sesame seeds, organic “Hom Mali” rice and straw mushrooms, based on the required analysis results. These include: 1) Such crops m... Read more
8 Jul 2021
KResearch has assessed that the overall Thai agricultural sector in 2H21 will likely grow at a slower rate compared to 1H21. This slowdown can be attributed to the prices of most agricultural products that are expected to decline due to the accelerated growth of farm output by 1.1-3.0 percent YoY. ... Read more
25 Jun 2021
Durian, the aptly-named ‘King of Fruits’, generates the highest revenue for Thailand out of all its fruit exports. Since 2014, the export value for durian has surpassed all other fruits, and just recently reached a monthly record high of USD 934.9 million in May 2021, with growth of 95.3 percent YoY... Read more