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Industry Outlook Analysis

17 May 2023

Agriculture

The Royal Ploughing Day marks the start of the rainy season and in-season rice cultivation, but El Nino during 2H23 may dent 2023 in-season rice output by 4.1-6.0% (Current Issue No.3410 Full Ed.)

The Royal Ploughing Day marks the start of the rainy season and in-season rice cultivation, but El Niño during 2H23 may dent 2023 in-season rice output by 4.1-6.0%... Read more

20 Mar 2023

Agriculture

Thai rice and cassava prices projected to increase during 2023 in line with stronger demand driven by China’s reopening (Current Issue No.3391)

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

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 (Current Issue No.3386)

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

Agriculture

Net farm income in 2023 may face multiple challenges…amid the risks of global economic slowdown and high production costs (Current Issue No.3368)

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

Agriculture

Global coffee prices to remain high for another three years due mainly to a decline in Brazilian supply…leading Thailand’s coffee imports to grow substantially in 2022 (Current Issue No.23356)

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

Agriculture

Inundation during August-October 2022 may incur loss to Thailand’s major rice crop at roughly THB2.9-3.1 billion, so close attention must be paid to the severity of the flood situation, which remains highly uncertain (Current Issue No.3348)

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

Agriculture

Net income of rubber growers projected to reach roughly THB107.81 billion in 2022, down 4.9% YoY, pressured by higher costs of cultivation (Current Issue No.3339)

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

Agriculture

Thailand is at risk of a tighter rice supply in 2022 amid lower rice production caused by soaring chemical fertilizer costs (Current Issue No.3328)

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

Agriculture

Price of chemical fertilizer (urea) is set to stay at elevated levels of USD 950-1,000/ton because of tight supply, but the impact on each economic crop may vary (Current Issue No.3325)

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