22 Aug 2023
Agriculture
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20 Jul 2023
9 May 2023
20 Mar 2023
Thai rice and cassava prices projected to increase during 2023 in line with stronger demand driven by China’s reopening... Read more
13 Mar 2023
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
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 slump in agricultural prices. KResearch projects that farm income in 2023 may contract by 0.8 percent, compared to estimated growth of 13.5 percent in 2022. Meanwhile, production costs such as prices for oil and chemical fertilizer in the global market are expected to decrease from those of 2022 but remain high, thus causing 2023 net farm income to grow in only a narrow range. ... 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
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 demand from homebound workers – the number of whom is expected to be lower than 2021, owing to a revival in economic activity. The expansion of the agricultural machinery market will likely be consistent with the overall agricultural product prices that remain relatively high amid weather conditions that are favorable to crop yields. ... 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 an increase of 4.0 percent. A major factor that may support rice prices is supply disruption resulting from a shortage of export shipping containers, though this issue is expected to ease after mid-2022. ... 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 must have the amount of protein at 13-23 percent per serving; 2) They have potential in terms of production, price, short harvest period and variety; and 3) They are being supported by the government, with the aim of promoting their sustainable supplies, generating more income for Thai farmers, and creating plant-based alternative protein products of the future.... 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 by the La Niña phenomenon that would continue to benefit farming up until May 2021. ... Read more
28 May 2020
KResearch expects that prices of Thai agricultural products in 1H20 will continue to sustain themselves as they contend with negative factors like a severe seasonal drought (between January and April) which caused extensive damage to farm output – particularly rice, cassava and sugarcane, and the ongoing COVID-19 pandemic, events which led to an overall drop in farm output by 2.9 percent (YoY), overall farm prices are set to rise by 3.8 percent (YoY) with farm income forecast to grow within a limited range of around 1.4 percent (YoY).... Read more
26 Dec 2019
The outlook of Thai agricultural products in 2020 will continue to be under pressure from drought and the global economic slowdown. Thailand may face severe drought conditions, which will continue from 2019. As of December 25, 2019, the amount of usable water in the dams nationwide stood at 21,197 million cubic meters, close to the level registered late 2014 that caused extensive damage to the agricultural sector in the 2015 crop year. Therefore, it is necessary to keep an eye on the water situation next year in order to handle the risks.... Read more
24 Oct 2019
The agricultural traceability system serves as an important tool to link production data in each supply chain. The increasing role of modern agricultural technologies will support the adoption of traceability in the entire production process. ... Read more
23 Jul 2019
The off-season drought situation in 2019 (May-July 2019) has caused extensive damage. The influence of a mild El Nino condition has resulted in lower than normal rainfall. The amount of water in the dams remains low, adversely affecting main agricultural products such as in-season rice that farmers have already planted. Hence, the rice price is moving up, pushing the average price of rice output in 1H19 higher by 6.4 percent YoY. Nonetheless, the damage caused by lower major-season rice output this year poses challenges to the overall farm income outlook.... Read more
10 Jan 2019
In 2019, KResearch views that the government’s agricultural assistance policies will be crucial for the farm sector. The government’s ongoing farm support measures which follow up on the projects implemented in the previous year, especially the short-term ones, including direct subsidy and income support for farmers will be key factors to stabilize farm prices in 2019 and shore up farm income. Hence, farm income in 2019 is likely to remain close to the level in 2018 as it is expected to contract slightly by 0.4-0.8 percent, mainly due to a slump in prices.... Read more
15 Feb 2018
KResearch views that the price trends seen in major agricultural produce are already showing a mixed picture in 2018. Some produce are projected to gain higher prices, e.g., rice and cassava, which should return to price gains after less appealing prices in 2017, increasing 2.0 and 21.4 percent YoY this year, respectively, due to higher demand. ... Read more
6 Oct 2017
Aerial drones for agriculture could be an interesting option as an agricultural tool that offers high precision. They are now becoming very... Read more