13 Jan 2022
Agriculture
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
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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
24 May 2021
While the use of agricultural technology or AgriTech in Thailand is still very much at its initial stage, KBank believes AgriTech will play a more prominent role in the country over the next 3 to 5 years, thanks to increasingly affordable technology and broader knowledge of its usage that becomes mo... Read more
8 May 2021
KResearch assesses that prices of most Thai agricultural products, including rice, rubber, cassava, oil palm and sugarcane, will decline during the remainder of 2021 due to the double shock from both a supply glut resulting from favorable climate conditions for crop cultivation and weakening domesti... Read more
23 Apr 2021
Hemp has the potential to become Thailand’s next cash crop with perceived utilization in downstream industries for varied purposes with high added-value. Meanwhile, the initial supply of hemp - once restrictions have been lifted - will likely hit the market in 4Q21, and is projected to see steady in... Read more
15 Mar 2021
KResearch views that Thailand’s rice exports in 2021 will likely remain steady at around 5.8-6.0 million tons, or an estimated growth rate of 1.3-4.8 percent YoY. This rate is higher than the total growth of demand for rice in the global market, which stands at 1.7 percent. Jasmine rice exports to t... Read more
25 Feb 2021
This year’s dry season (January – April 2021) is expected to be mild and will likely be less severe than 2020, based on the slight drop in dam levels by 7.3 percent YoY. So far, this decrease has been limited to reservoirs in western Thailand, whereas other regions are seeing higher water levels tha... Read more
8 Jan 2021
KResearch assessed that the Thai agriculture in 2021 is set to have brighter outlook, with farm income projected to increase in the range of 1.0 to 1.5 percent YoY. This growth is attributable to an expected rise in farm output by 2.0 to 2.5 percent YoY due to higher levels of rainfall influenced b... Read more
17 Dec 2020
KResearch assesses that southern rubber and oil palm growers may lose approximately THB6.6 billion in income due to the impact of flooding from December 2020 to March 2021. A shortfall of around 0.58 million tons in both rubber and oil palm outputs is expected after floods have wrecked havoc on rubb... Read more
16 Nov 2020
KResearch is of the view that concentrated latex prices in Thailand will likely bounce back over the short term or during the remainder of 2020 through to 2021 to a range of THB53-58/kg. The recovery will be supported by steady demand growth seen in rubber gloves, especially rubber medical gloves. T... Read more