Thailand Agriculture Articles & Analysis

Chapter | Agriculture from The Report: Thailand 2017

Although Thailand in recent years has focused on creating a more forward-thinking, modern economy, ranking second only to Singapore in financial clout within the ASEAN block, the country’s agricultural sector still remains a crucial cog in the engine driving the country forward. It continues to capitalise on its long-standing farming tradition and favourable climate as it retains its enviable...

Despite considerable geopolitical volatility, Thailand’s economy remains well diversified, stable and poised for expansion in 2017.

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Rising international demand will likely see Thailand come close to equalling last year’s record for rice exports, with strong sales supporting higher rural incomes and contributing to broader economic growth, though success could bring its own challenges.

In its April 2018 Economic Monitor for Thailand, the World Bank reported that GDP growth accelerated to 3.9% in 2017, from 0.91% in 2014, 2.94% in 2015 and 3.23% in 2016. This was the fastest expansion since the 7.24% recorded in 2012, and was driven by strong global growth, increased export revenue and a modest recovery in private consumption.

 

How is the agricultural sector responding to the challenges posed by changing workforce demographics, and what part can technology play?

 

Although Thailand in recent years has focused on creating a more forward-thinking, modern economy, ranking second only to Singapore in financial clout within the ASEAN block, the country’s agricultural sector still remains a crucial cog in the engine driving the country forward. It continues to capitalise on its long-standing farming tradition...

 

Endowed with fertile soil, advantageous geography and historically favourable weather cycles, Thailand possesses many of the attributes necessary to fashion itself into one of the premier agricultural powerhouses not just in Asia, but throughout the world. Since before the creation of the modern kingdom of Thailand, farmers have been...

Rising demand for Thai organic goods in both local and export markets has prompted the government to pursue a range of initiatives aimed at encouraging organic farming practices.