28 May 2020
Agriculture
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
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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